Sarasota Area Housing Inc

Analysis

Sarasota Area Housing Inc is a registered charity in United States, based in Oak Brook, IL. It received its IRS tax-exemption ruling in September 1993, 33 years ago. 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, Sarasota Area Housing Inc reported income of $535k and spending of $576k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $215k to $535k (+149%), an average of +26% a year. The sharpest change came in the year to December 2020, when income rose by 101%. Over the whole period it spent 114% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sarasota Area Housing Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within IL. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($535k), Maysville & Mason County Library Historical & Scientific Associatio ($535k) and Childrens Advocacy Center of Pine Bluff ($535k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $148k. At year end it held assets of $1.1m against liabilities of $29k, net assets of $1.0m.

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.