Bishop Sheen Ecumenical Housing Foundation Inc

Analysis

Bishop Sheen Ecumenical Housing Foundation Inc is a registered charity in United States, based in Fairport, NY. It received its IRS tax-exemption ruling in October 2019, 7 years ago. 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 June 2024, Bishop Sheen Ecumenical Housing Foundation Inc reported income of $4.0m and spending of $3.9m, spending 97% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $11.8m to $4.0m (-66%), an average of -24% a year. The sharpest change came in the year to June 2022, when income dropped by 47%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bishop Sheen Ecumenical Housing Foundation Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Young Mens Christian Association ($4.0m), Faith Christian School ($4.0m) and Faces and Voices of Recovery Greenville ($4.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 91% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $115k (3.0% of expenses). Other salaries and wages came to $419k. At year end it held assets of $13.5m against liabilities of $6.4m, net assets of $7.0m. It reported 12 employees.