Susquehanna County Housing Development Corporation Inc

Analysis

Susquehanna County Housing Development Corporation Inc is a registered charity in United States, based in Montrose, PA. It received its IRS tax-exemption ruling in September 1996, 30 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 December 2023, Susquehanna County Housing Development Corporation Inc reported income of $303k and spending of $483k, spending 160% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $138k to $303k (+119%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 60%. Over the whole period it spent 104% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Susquehanna County Housing Development Corporation Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within PA. Charities of a similar size with the same main cause include Bu-Gata ($303k), Life of Victory International Christian Ministries ($303k) and Chalon Living Inc ($303k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% of the total. Compensation of current officers, directors and key employees was $97k (20% of expenses). At year end it held assets of $5.5m against liabilities of $10k, net assets of $5.4m.