Salisbury Housing Committee Inc

Analysis

Salisbury Housing Committee Inc is a registered charity in United States, based in Salisbury, CT. It received its IRS tax-exemption ruling in February 1986, 40 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, Salisbury Housing Committee Inc reported income of $2.1m and spending of $421k, leaving 80% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $221k to $2.1m (+842%), an average of +75% a year. The sharpest change came in the year to December 2023, when income rose by 240%. Over the whole period it spent 44% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Salisbury Housing Committee Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 84th percentile within CT. Charities of a similar size with the same main cause include Lakewood Tenants Organization Inc ($2.1m), Phillips-Strickland House Corporation ($2.1m) and Habitat for Humanity International Inc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 15% of the total. Other salaries and wages came to $38k. At year end it held assets of $6.2m against liabilities of $1.5m, net assets of $4.7m.