Seneca Housing Inc

Analysis

Seneca Housing Inc is a registered charity in United States, based in Seneca Falls, NY. It received its IRS tax-exemption ruling in June 2006, 20 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, Seneca Housing Inc reported income of $406k and spending of $356k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $274k to $406k (+48%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 16%. Over the whole period it spent 85% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Seneca Housing Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 63rd percentile within NY. Charities of a similar size with the same main cause include Pennley Supportive Housing for the Elderly Inc ($406k), Charity on Wheels Inc ($406k) and St Marys Woods of Columbus Inc ($406k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% of the total. Compensation of current officers, directors and key employees was $67k (19% of expenses). Other salaries and wages came to $85k. At year end it held assets of $567k against liabilities of $0, net assets of $567k. It reported 4 employees.