Deerfield Charitable Foundation

Analysis

Deerfield Charitable Foundation is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Deerfield Charitable Foundation reported income of $812k and spending of $908k, spending 112% of what it took in. Across the 4 years on record, from September 2020 to September 2023, income grew from $478k to $812k (+70%), an average of +19% a year. The sharpest change came in the year to September 2021, when income rose by 86%. Over the whole period it spent 86% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Deerfield Charitable Foundation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within NC. Charities of a similar size with the same main cause include Fair Housing Contact Service Inc ($812k), Portales Retirement Housing Corporation ($812k) and Recovery Solutions of Northeast Ohio ($811k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 9.1% of the total. At year end it held assets of $14.9m against liabilities of $1.5m, net assets of $13.4m.