Sarah Simpson Gossett Home Inc

Analysis

Sarah Simpson Gossett Home Inc is a registered charity in United States, based in Greenville, SC. It received its IRS tax-exemption ruling in October 2012, 14 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, Sarah Simpson Gossett Home Inc reported income of $345k and spending of $305k, spending 88% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $189k to $345k (+83%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 33%. Over the whole period it spent 114% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Sarah Simpson Gossett Home Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 69th percentile within SC. Charities of a similar size with the same main cause include 2249 Webster Avenue HDFC ($344k), Booth Society Inc ($345k) and William S Davies Homeless Shelter Inc ($344k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 90% of the total. Other salaries and wages came to $163k. At year end it held assets of $85k against liabilities of $0, net assets of $85k. It reported 6 employees.