Sahc Development Corp

Analysis

Sahc Development Corp is a registered charity in United States, based in Akron, OH. It received its IRS tax-exemption ruling in September 1993, 33 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Sahc Development Corp reported income of $367k and spending of $276k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $135k to $367k (+172%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 131%. Over the whole period it spent 105% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sahc Development Corp sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within OH. Charities of a similar size with the same main cause include Damascus Road Inc ($367k), Elite Repeat Serving Stillwater Inc ($367k) and Brattleboro Center for Children Inc ($367k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 8.3% of the total. Other salaries and wages came to $16k. At year end it held assets of $369k against liabilities of $1.3m, net assets of -$970k.