Seda-Cog Housing Development Corporation

Analysis

Seda-Cog Housing Development Corporation is a registered charity in United States, based in Lewisburg, PA. It received its IRS tax-exemption ruling in March 1994, 32 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, Seda-Cog Housing Development Corporation reported income of $741k and spending of $506k, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.4m to $741k (-48%), an average of -15% a year. The sharpest change came in the year to December 2020, when income dropped by 50%. Over the whole period it spent 57% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Seda-Cog Housing Development Corporation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 74th percentile within PA. Charities of a similar size with the same main cause include Hustle USA ($741k), King Urban Life Center Inc ($741k) and Fort Lee District Management Corporation Inc ($740k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 74% of the total. At year end it held assets of $7.3m against liabilities of $380k, net assets of $7.0m.