South Central Housing Inc

Analysis

South Central Housing Inc is a registered charity in United States, based in Bloomington, IN. It received its IRS tax-exemption ruling in March 1995, 31 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 2023, South Central Housing Inc reported income of $145k and spending of $172k, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $136k to $145k (+6.5%), an average of +1.6% a year. Over the whole period it spent 115% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, South Central Housing Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within IN. Charities of a similar size with the same main cause include Rural Access to Justice Inc ($145k), Silver Spur Therapeutic Riding Center ($145k) and Ticonderoga Area Backpack Program ($145k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 31% of the total. Other salaries and wages came to $23k. At year end it held assets of $603k against liabilities of $1.1m, net assets of -$543k.

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.