Samaritan Housing Foundation Inc

Analysis

Samaritan Housing Foundation Inc is a registered charity in United States, based in Cary, NC. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2022, Samaritan Housing Foundation Inc reported income of $14.5m and spending of $20.3m, spending 140% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $13.0m to $14.5m (+12%), an average of +3.7% a year. Over the whole period it spent 135% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Samaritan Housing Foundation Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NC. Charities of a similar size with the same main cause include Family Counseling Center of Armstrong County ($14.5m), The Outreach Center ($14.5m) and Ralph J Stolle Countryside YMCA of Warren County Lebanon Ohio ($14.5m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 0.5% and program service revenue 102% of the total. Compensation of current officers, directors and key employees was $693k (3.4% of expenses). Other salaries and wages came to $4.0m. At year end it held assets of $316.6m against liabilities of $403.1m, net assets of -$86.5m. It reported 263 employees.

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.