Haywood Street Community Development

Analysis

Haywood Street Community Development is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in April 2021, 5 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, Haywood Street Community Development reported income of $2.5m and spending of $156k, leaving 94% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $202k to $2.5m (+1132%), an average of +251% a year. The sharpest change came in the year to December 2022, when income rose by 1376%. Over the whole period it spent 6.3% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Haywood Street Community Development sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within NC. Charities of a similar size with the same main cause include Townspeople ($2.5m), Lake Forest Senior Living Community Inc ($2.5m) and Spanish Coalition for Housing ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $6.4m against liabilities of $934k, net assets of $5.5m.