Syringa Housing Corporation

Analysis

Syringa Housing Corporation is a registered charity in United States, based in Boise, ID. It received its IRS tax-exemption ruling in May 2011, 15 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, Syringa Housing Corporation reported income of $823k and spending of $829k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $228k to $823k (+262%), an average of +38% a year. The sharpest change came in the year to December 2022, when income rose by 866%. Over the whole period it spent 87% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Syringa Housing Corporation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within ID. Charities of a similar size with the same main cause include Resident Services Corporation of Dekalb ($822k), Maplehill Mobile Home Park Residents Assoc ($824k) and Rebuilding Together Howard County Inc ($822k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $2.5m against liabilities of $1.7m, net assets of $767k.