Habitat for Humanity of Summit County Inc

Analysis

Habitat for Humanity of Summit County Inc is a registered charity in United States, based in Akron, OH. It received its IRS tax-exemption ruling in January 1987, 39 years ago. 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 March 2024, Habitat for Humanity of Summit County Inc reported income of $6.4m and spending of $6.2m, spending 96% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $3.2m to $6.4m (+102%), an average of +19% a year. The sharpest change came in the year to March 2022, when income rose by 99%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Habitat for Humanity of Summit County Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within OH. Charities of a similar size with the same main cause include University Enterprise Services ($6.4m), Feed My Childrens Fund Inc ($6.4m) and University of Maryland Baltimore Washington Medical System Inc ($6.4m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 58% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $271k (4.4% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $10.9m against liabilities of $1.4m, net assets of $9.5m. It reported 42 employees.