Salmon Creek Housing Inc

Analysis

Salmon Creek Housing Inc is a registered charity in United States, based in Juneau, AK. It received its IRS tax-exemption ruling in June 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Salmon Creek Housing Inc reported income of $128k and spending of $131k, spending 103% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $65k to $128k (+96%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 45%. Over the whole period it spent 117% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Salmon Creek Housing Inc 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 43rd percentile, and in the 38th percentile within AK. Charities of a similar size with the same main cause include Yoga Shakti Mission Inc ($128k), Stepping Stones Foundation of Hope ($128k) and Clarksdale-Coahoma County Ministries Inc ($128k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 75% and program service revenue 25% of the total. Other salaries and wages came to $34k. At year end it held assets of $664k against liabilities of $847k, net assets of -$183k.

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.