Southern Indiana Housing and Community Development Corporation

Analysis

Southern Indiana Housing and Community Development Corporation is a registered charity in United States, based in Columbus, IN. It received its IRS tax-exemption ruling in January 1995, 31 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Southern Indiana Housing and Community Development Corporation reported income of $9.3m and spending of $9.5m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $328k to $9.3m (+2731%), an average of +131% a year. The sharpest change came in the year to December 2023, when income rose by 647%. Over the whole period it spent 114% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Southern Indiana Housing and Community Development Corporation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within IN. Charities of a similar size with the same main cause include Rubys Place ($9.2m), Episcopal Senior Housing Inc ($9.3m) and Seventy-Five State Street ($9.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 8.5% of the total. Other salaries and wages came to $127k. At year end it held assets of $9.2m against liabilities of $851k, net assets of $8.4m. It reported 3 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.