Village of Skaneateles Housing Authority

Analysis

Village of Skaneateles Housing Authority is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in February 1982, 44 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 September 2023, Village of Skaneateles Housing Authority reported income of $238k and spending of $294k, spending 124% of what it took in. Across the 4 years on record, from September 2020 to September 2023, income grew from $227k to $238k (+4.7%), an average of +1.5% a year. Over the whole period it spent 110% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Village of Skaneateles Housing Authority sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within NY. Charities of a similar size with the same main cause include Ashland Church Community Emergency Shelter Services ($238k), Memorial Park Estates Inc ($238k) and 15th Avenue Housing Corporation ($238k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $65k. At year end it held assets of $826k against liabilities of $782k, net assets of $44k.

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.