Susanne Corporation

Analysis

Susanne Corporation is a registered charity in United States, based in Mount Vernon, MO. It received its IRS tax-exemption ruling in June 1988, 38 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 June 2023, Susanne Corporation reported income of $229k and spending of $233k, spending 102% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $213k to $229k (+7.5%), an average of +2.4% a year. The sharpest change came in the year to June 2021, when income rose by 51%. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Susanne Corporation sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within MO. Charities of a similar size with the same main cause include Eastwick Section 811 Housing Corporation ($229k), St Joseph Community Land Trust ($229k) and Wesley Hills-Dyersburg Inc ($229k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 64% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $18k (7.5% of expenses). Other salaries and wages came to $18k. At year end it held assets of $454k against liabilities of $633k, net assets of -$179k. It reported 2 employees.