Secu Family House at Unc Hospitals

Analysis

Secu Family House at Unc Hospitals is a registered charity in United States, based in Chapel Hill, NC. It received its IRS tax-exemption ruling in August 2001, 25 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 June 2024, Secu Family House at Unc Hospitals reported income of $2.6m and spending of $2.9m, spending 115% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.3m to $2.6m (+10.0%), an average of +2.4% a year. The sharpest change came in the year to June 2022, when income rose by 40%. Over the whole period it spent 105% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Secu Family House at Unc Hospitals sits at the 74th percentile: it is larger than about 74% 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 New Age Services Corporation ($2.6m), The Southwest Council Inc ($2.6m) and Grove City Health System Foundation ($2.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 59% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $163k (5.5% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $17.2m against liabilities of $153k, net assets of $17.0m. It reported 41 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.