Eastern Carolina Homelessness Organization Inc

Analysis

Eastern Carolina Homelessness Organization Inc is a registered charity in United States, based in Myrtle Beach, SC. It received its IRS tax-exemption ruling in May 2007, 19 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Eastern Carolina Homelessness Organization Inc reported income of $16.8m and spending of $13.7m, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.9m to $16.8m (+330%), an average of +44% a year. The sharpest change came in the year to December 2022, when income rose by 121%. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Eastern Carolina Homelessness Organization Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within SC. Charities of a similar size with the same main cause include Taylor Community Development Corp ($16.7m), Tri-County Housing Inc ($16.8m) and Island Rehabilitation and Nursing Center Inc ($16.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 6.8% of the total. Compensation of current officers, directors and key employees was $396k (2.9% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $8.9m against liabilities of $3.1m, net assets of $5.8m. It reported 84 employees.