Southeast Technical Institute Housing Foundation

Analysis

Southeast Technical Institute Housing Foundation is a registered charity in United States, based in Sioux Falls, SD. It received its IRS tax-exemption ruling in February 2002, 24 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Southeast Technical Institute Housing Foundation reported income of $1.1m and spending of $1.0m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.1m (+10.0%), an average of +2.4% a year. The sharpest change came in the year to December 2021, when income rose by 22%. Over the whole period it spent 88% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Southeast Technical Institute Housing Foundation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within SD. Charities of a similar size with the same main cause include High Spirit Community Farm Inc ($1.1m), Chicago Rehabilitation Network ($1.1m) and E Reyes Apartments Housing Development Fund Corporation ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. At year end it held assets of $3.9m against liabilities of $2.5m, net assets of $1.4m.