Supported Housing Management Corporation

Analysis

Supported Housing Management Corporation is a registered charity in United States, based in Rockford, IL. It received its IRS tax-exemption ruling in September 1989, 37 years ago. 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 June 2023, Supported Housing Management Corporation reported income of $300k and spending of $378k, spending 126% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $276k to $300k (+8.7%), an average of +2.1% a year. Over the whole period it spent 128% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Supported Housing Management Corporation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within IL. Charities of a similar size with the same main cause include Jubilee Christian School of the South Hills of Pittsburgh Assoc ($300k), Mississippi State Medical Association Foundation Inc ($300k) and We Care Inc ($300k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $63k. At year end it held assets of $385k against liabilities of $1.8m, net assets of -$1.4m.

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.