Southeastern Housing and Community Development

Analysis

Southeastern Housing and Community Development is a registered charity in United States, based in Barnwell, SC. It received its IRS tax-exemption ruling in April 1997, 29 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 June 2023, Southeastern Housing and Community Development reported income of $6.4m and spending of $7.3m, spending 114% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.6m to $6.4m (+15%), an average of +3.6% a year. The sharpest change came in the year to June 2022, when income rose by 63%. Over the whole period it spent 101% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Southeastern Housing and Community Development sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within SC. Charities of a similar size with the same main cause include Richmond Development Corporation ($6.4m), Habitat for Humanity International Inc ($6.4m) and Gifford Retirement Community Inc ($6.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 55% and program service revenue 34% of the total. At year end it held assets of $15.8m against liabilities of $6.2m, net assets of $9.6m. It reported 11 employees.