Sourlis-Eleuterio Homes Inc

Analysis

Sourlis-Eleuterio Homes Inc is a registered charity in United States, based in Frederick, MD. It received its IRS tax-exemption ruling in August 2012, 14 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Sourlis-Eleuterio Homes Inc reported income of $67k and spending of $109k, spending 163% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $63k to $67k (+6.3%), an average of +2.1% a year. Over the whole period it spent 160% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Sourlis-Eleuterio Homes Inc sits at the 15th percentile: it is larger than about 15% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 28th percentile within MD. Charities of a similar size with the same main cause include Ocl Properity III East Inc ($67k), Veterans Outpost ($67k) and East Dallas Community Center Inc ($67k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 44% and program service revenue 56% of the total. At year end it held assets of $1.6m against liabilities of $1.3m, net assets of $313k.

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.