Sylvan Place

Analysis

Sylvan Place is a registered charity in United States, based in Spokane, WA. It received its IRS tax-exemption ruling in July 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Sylvan Place reported income of $158k and spending of $206k, spending 131% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $138k to $158k (+14%), an average of +3.4% a year. The sharpest change came in the year to June 2021, when income rose by 46%. Over the whole period it spent 138% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Sylvan Place sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 45th percentile within WA. Charities of a similar size with the same main cause include Open Arms Care Foundation ($157k), Farmville United Methodist Housing Corporation ($158k) and Coalition for Housing Accessibility Needs Choices & Equality Inc ($157k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 66% and program service revenue 33% of the total. Other salaries and wages came to $20k. At year end it held assets of $1.9m against liabilities of $9,625, net assets of $1.9m.

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.