Southeastern Housing Preservation Inc

Analysis

Southeastern Housing Preservation Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in March 1994, 32 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 September 2023, Southeastern Housing Preservation Inc reported income of $1.5m and spending of $1.3m, spending 90% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.8m to $1.5m (-17%), an average of -4.4% a year. The sharpest change came in the year to September 2021, when income rose by 56%. Over the whole period it spent 57% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Southeastern Housing Preservation Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within NC. Charities of a similar size with the same main cause include Jubilee Baltimore Inc ($1.5m), Geel Community Union Avenue Housing Development Fund Corporation ($1.5m) and Everglades Housing Group Incorporated ($1.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 65% and program service revenue 34% of the total. At year end it held assets of $15.6m against liabilities of $2.4m, net assets of $13.2m.