South Suburban Housing Center

Analysis

South Suburban Housing Center is a registered charity in United States, based in Homewood, IL. It received its IRS tax-exemption ruling in November 1975, 51 years ago. 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, South Suburban Housing Center reported income of $1.5m and spending of $2.2m, spending 143% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.5m (+46%), an average of +9.9% a year. The sharpest change came in the year to December 2022, when income rose by 273%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, South Suburban Housing Center sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within IL. Charities of a similar size with the same main cause include Adair County Family YMCA Inc ($1.5m), Glory Revealed Mission ($1.5m) and Assisting Christian Individuals Int ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $119k (5.4% of expenses). Other salaries and wages came to $780k. At year end it held assets of $2.6m against liabilities of $166k, net assets of $2.4m. It reported 14 employees.