Sepp Devolopment Fund Corp

Analysis

Sepp Devolopment Fund Corp is a registered charity in United States, based in Binghamton, NY. It received its IRS tax-exemption ruling in August 1989, 37 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 Devolopment Fund Corp reported income of $886k and spending of $519k, leaving 41% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $433k to $886k (+104%), an average of +20% a year. The sharpest change came in the year to June 2023, when income rose by 44%. Over the whole period it spent 72% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Sepp Devolopment Fund Corp sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Federation Landings Inc ($885k), Athens Area Homeless Shelter Inc ($887k) and Main and Arnold Senior Housing Inc ($885k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 26% and program service revenue 73% of the total. Other salaries and wages came to $114k. At year end it held assets of $1.2m against liabilities of $1.9m, net assets of -$665k.