Simcha Inc

Analysis

Simcha Inc is a registered charity in United States, based in Pepper Pike, OH. It received its IRS tax-exemption ruling in June 2007, 19 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 2023, Simcha Inc reported income of $128k and spending of $148k, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $113k to $128k (+14%), an average of +3.3% a year. Over the whole period it spent 123% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Simcha Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 44th percentile within OH. Charities of a similar size with the same main cause include Bear Creek Development Corporation ($128k), Pride Community Association ($128k) and White River Housing Association ($128k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $24k. At year end it held assets of $863k against liabilities of $1.1m, net assets of -$279k.

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.