Sasco Creek Development Corporation

Analysis

Sasco Creek Development Corporation is a registered charity in United States, based in Westport, CT. It received its IRS tax-exemption ruling in November 2018, 8 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 December 2023, Sasco Creek Development Corporation reported income of $1.3m and spending of $1.5m, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.3m (+8.0%), an average of +1.9% a year. The sharpest change came in the year to December 2021, when income rose by 19%. Over the whole period it spent 115% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Sasco Creek Development Corporation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 80th percentile within CT. Charities of a similar size with the same main cause include Boston Neighborhood Community Land Trust Inc ($1.3m), Merrimac Valley Housing Services Inc ($1.3m) and Lha Enterprise Development Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 22% of the total. Other salaries and wages came to $259k. At year end it held assets of $18.3m against liabilities of $7.5m, net assets of $10.8m.