Saca Development Corporation

Analysis

Saca Development Corporation is a registered charity in United States, based in Lancaster, PA. It received its IRS tax-exemption ruling in February 1988, 38 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 June 2023, Saca Development Corporation reported income of $5.5m and spending of $4.9m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $964k to $5.5m (+472%), an average of +55% a year. The sharpest change came in the year to June 2022, when income rose by 211%. Over the whole period it spent 109% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Saca Development Corporation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within PA. Charities of a similar size with the same main cause include Christopher Community Inc ($5.5m), Ascencia ($5.5m) and Creative Housing Inc ($5.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $169k (3.4% of expenses). Other salaries and wages came to $38k. At year end it held assets of $28.2m against liabilities of $23.2m, net assets of $4.9m. It reported 12 employees.