Southeastern Housing Foundation II

Analysis

Southeastern Housing Foundation II is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in January 2010, 16 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Southeastern Housing Foundation II reported income of $764k and spending of $1.0m, spending 135% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $847k to $764k (-9.8%), an average of -2.5% a year. The sharpest change came in the year to December 2020, when income rose by 58%. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Southeastern Housing Foundation II sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 78th percentile within TN. Charities of a similar size with the same main cause include Housing Help Plus ($764k), Smart Home Alabama Inc ($764k) and Encore 49 Housing Development Fund Co Inc ($764k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 106% of the total. At year end it held assets of $6.3m against liabilities of $3.3m, net assets of $3.1m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.