Social Housing

Analysis

Social Housing is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in April 2015, 11 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, Social Housing reported income of $6.4m and spending of $8.8m, spending 137% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $6.1m to $6.4m (+5.6%), an average of +5.6% a year. Over the whole period it spent 142% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Social Housing sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within GA. Charities of a similar size with the same main cause include Memphis Union Mission ($6.4m), Habitat for Humanity of Montgomery & Delaware Counties Inc ($6.4m) and Homeownership Affordability Trust Fund ($6.4m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. Other salaries and wages came to $507k. At year end it held assets of $89.5m against liabilities of $94.8m, net assets of -$5.2m.