Sepp Rural Elderly Housing Inc

Analysis

Sepp Rural Elderly Housing Inc 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 Rural Elderly Housing Inc reported income of $242k and spending of $211k, spending 87% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $183k to $242k (+32%), an average of +7.2% a year. The sharpest change came in the year to June 2024, when income rose by 24%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Sepp Rural Elderly Housing Inc 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 58th percentile, and in the 55th percentile within NY. Charities of a similar size with the same main cause include New Castle Housing Corporation ($242k), NWC Corporation ($242k) and Mabel Swan II ($242k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 16% and program service revenue 83% of the total. Other salaries and wages came to $35k. At year end it held assets of $554k against liabilities of $748k, net assets of -$194k.