Creekside Housing Corporation

Analysis

Creekside Housing Corporation is a registered charity in United States, based in Greenville, SC. It received its IRS tax-exemption ruling in December 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Creekside Housing Corporation reported income of $269k and spending of $363k, spending 135% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $234k to $269k (+15%), an average of +3.5% a year. Over the whole period it spent 134% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Creekside Housing Corporation sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 64th percentile within SC. Charities of a similar size with the same main cause include Reid Community Development Corporation ($269k), Reimagine Mack Road Foundation ($269k) and Harvest Family Life Ministries Hawaii ($269k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 54% and program service revenue 44% of the total. At year end it held assets of $3.5m against liabilities of $28k, net assets of $3.5m.

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.