Sullivan Homes Inc

Analysis

Sullivan Homes Inc is a registered charity in United States, based in Sullivan, MO. It received its IRS tax-exemption ruling in December 2008, 18 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, Sullivan Homes Inc reported income of $205k and spending of $199k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $264k to $205k (-22%), an average of -6.1% a year. The sharpest change came in the year to December 2020, when income dropped by 26%. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Sullivan 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 54th percentile, and in the 51st percentile within MO. Charities of a similar size with the same main cause include Smart Share Housing Solutions Inc ($205k), Stephenson Place ($205k) and Esperanza Group ($205k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.9% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $40k (20% of expenses). At year end it held assets of $622k against liabilities of $17k, net assets of $605k.