Another Chance House of Refuge

Analysis

Another Chance House of Refuge is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in April 2020, 6 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Another Chance House of Refuge reported income of $207k and spending of $161k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $102k to $207k (+104%), an average of +104% a year. The sharpest change came in the year to December 2023, when income rose by 104%. Over the whole period it spent 85% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Another Chance House of Refuge sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within NC. Charities of a similar size with the same main cause include Highview Unity Apartments Inc ($207k), Emerson Plaza Afforadable Housing Inc ($207k) and Fred Woods Home Inc ($207k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $29k (18% of expenses). It paid $150 in professional fundraising fees. At year end it held assets of $47k against liabilities of $0, net assets of $47k.