Seward Housing Corporation

Analysis

Seward Housing Corporation is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in September 1990, 36 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Seward Housing Corporation reported income of $4.7m and spending of $21k, leaving 100% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $408k to $4.7m (+1056%), an average of +84% a year. The sharpest change came in the year to December 2023, when income rose by 4969%. Over the whole period it spent 3.4% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Seward Housing Corporation sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MN. Charities of a similar size with the same main cause include Directors Hall ($4.7m), Helpful Housing ($4.7m) and Person Centered Housing Options ($4.7m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 95% of the total. At year end it held assets of $33.6m against liabilities of $21.5m, net assets of $12.1m.