Settlement Housing Fund Inc

Analysis

Settlement Housing Fund Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 1971, 55 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 December 2023, Settlement Housing Fund Inc reported income of $17.9m and spending of $13.9m, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $23.5m to $17.9m (-24%), an average of -6.5% a year. The sharpest change came in the year to December 2022, when income rose by 114%. Over the whole period it spent 60% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Settlement Housing Fund Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include The Oaks at Bartlett ($17.9m), Equality Community Housing Corporation ($17.9m) and Cedar Falls Lutheran Home ($17.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $1.4m (10.0% of expenses). Other salaries and wages came to $4.5m. At year end it held assets of $70.2m against liabilities of $18.0m, net assets of $52.1m. It reported 89 employees.