South Lake Tahoe Supportive Housing Inc

Analysis

South Lake Tahoe Supportive Housing Inc is a registered charity in United States, based in St Paul, MN. It received its IRS tax-exemption ruling in January 2003, 23 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, South Lake Tahoe Supportive Housing Inc reported income of $299k and spending of $477k, spending 160% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $240k to $299k (+24%), an average of +5.6% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 162% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, South Lake Tahoe Supportive Housing Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within MN. Charities of a similar size with the same main cause include Helping the Homeless ($299k), Danville Senior Housing Inc ($299k) and Habitat for Humanity International Inc ($299k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 19% of the total. Other salaries and wages came to $30k. At year end it held assets of $3.6m against liabilities of $2.9m, net assets of $715k.

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.