Southern Tier Housing Corporation

Analysis

Southern Tier Housing Corporation is a registered charity in United States, based in London, KY. It received its IRS tax-exemption ruling in August 2009, 17 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 March 2024, Southern Tier Housing Corporation reported income of $1.8m and spending of $1.9m, spending 108% of what it took in. Across the 6 years on record, from March 2019 to March 2024, income fell from $1.9m to $1.8m (-9.0%), an average of -1.9% a year. The sharpest change came in the year to March 2024, when income dropped by 32%. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Southern Tier Housing Corporation sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within KY. Charities of a similar size with the same main cause include Helping Overcome Povertys Existence Inc ($1.8m), Harvest Safe Haven for Boys ($1.8m) and Unity Properties Inc ($1.8m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 11% and program service revenue 82% of the total. Other salaries and wages came to $245k. At year end it held assets of $2.2m against liabilities of $1.8m, net assets of $438k. It reported 5 employees.