South Park Inn Inc

Analysis

South Park Inn Inc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in August 1983, 43 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, South Park Inn Inc reported income of $3.6m and spending of $3.3m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $3.6m (+55%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 24%. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, South Park Inn Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within CT. Charities of a similar size with the same main cause include Coves at River Garden Inc ($3.6m), Presidential Gardens Neighborhood Association Inc ($3.6m) and Affordable Housing Education and Development Inc ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $233k (7.1% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $3.5m against liabilities of $227k, net assets of $3.3m. It reported 96 employees.