Sepp Inc

Analysis

Sepp Inc is a registered charity in United States, based in Binghamton, NY. It received its IRS tax-exemption ruling in September 1969, 57 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Sepp Inc reported income of $3.5m and spending of $1.0m, leaving 71% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.9m to $3.5m (+84%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 117%. Over the whole period it spent 42% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Sepp 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 87th percentile within NY. Charities of a similar size with the same main cause include Augusta Affordable Housingcorporation ($3.5m), Immacare Inc ($3.5m) and Hamilton County Area Neighborhood Development Inc ($3.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 51% and program service revenue 39% of the total. Other salaries and wages came to $329k. At year end it held assets of $8.8m against liabilities of $1.1m, net assets of $7.8m.