Snow Belt Housing Company Inc

Analysis

Snow Belt Housing Company Inc is a registered charity in United States, based in Lowville, NY. It received its IRS tax-exemption ruling in August 1983, 43 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Snow Belt Housing Company Inc reported income of $2.1m and spending of $2.2m, spending 104% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.2m to $2.1m (+76%), an average of +15% a year. The sharpest change came in the year to September 2023, when income rose by 34%. Over the whole period it spent 105% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Snow Belt Housing Company Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include Park Parthenia Non-Profit Calif Corp ($2.1m), Sister Jose Womens Center ($2.1m) and Nicholas House Inc ($2.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 80% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $57k (2.6% of expenses). Other salaries and wages came to $292k. At year end it held assets of $2.9m against liabilities of $1.6m, net assets of $1.2m. It reported 9 employees.