Rural Sullivan Housing Corporation

Analysis

Rural Sullivan Housing Corporation is a registered charity in United States, based in Monticello, NY. It received its IRS tax-exemption ruling in November 1981, 45 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 July 2023, Rural Sullivan Housing Corporation reported income of $132k and spending of $198k, spending 150% of what it took in. Across the 2 years on record, from July 2019 to July 2023, income grew from $87k to $132k (+52%), an average of +52% a year. The sharpest change came in the year to July 2023, when income rose by 52%. Over the whole period it spent 162% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Rural Sullivan Housing Corporation sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 42nd percentile within NY. Charities of a similar size with the same main cause include St Agnes Manor Inc ($132k), King-Dishman Affordable Housing ($132k) and US Affordable Housing Foundation Inc ($132k).

On its Form 990-EZ for the period ending July 2023, revenue came from contributions and grants 68% and program service revenue 32% of the total. At year end it held assets of $255k against liabilities of $102k, net assets of $153k.