Southview Housing Inc

Analysis

Southview Housing Inc is a registered charity in United States, based in Dunn, NC. It received its IRS tax-exemption ruling in September 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Southview Housing Inc reported income of $294k and spending of $419k, spending 143% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $254k to $294k (+16%), an average of +3.7% a year. Over the whole period it spent 146% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Southview 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 61st percentile, and in the 60th percentile within NC. Charities of a similar size with the same main cause include Piedmont Senior Housing Corporation ($294k), Monroe-Union County Community Development Corporation ($294k) and Janua Coeli Inc ($294k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $72k. At year end it held assets of $712k against liabilities of $3.5m, net assets of -$2.7m.

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.