Sapphire Homes Inc

Analysis

Sapphire Homes Inc is a registered charity in United States, based in Hamilton, MT. It received its IRS tax-exemption ruling in March 1994, 32 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Sapphire Homes Inc reported income of $209k and spending of $216k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $184k to $209k (+14%), an average of +3.3% a year. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Sapphire Homes Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 54th percentile within MT. Charities of a similar size with the same main cause include Mac Housing Development Fund Company Inc ($209k), Pemberton Place Housing Corporation ($209k) and Cicero Commons Senior Housing Development Fund Company Inc ($209k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $471k against liabilities of $817k, net assets of -$346k.

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.