St George Area Housing Corporation

Analysis

St George Area Housing Corporation is a registered charity in United States, based in St George, SC. It received its IRS tax-exemption ruling in April 1988, 38 years ago. 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, St George Area Housing Corporation reported income of $309k and spending of $303k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $275k to $309k (+13%), an average of +3.0% a year. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St George Area Housing Corporation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 67th percentile within SC. Charities of a similar size with the same main cause include The Illinois Autism Development Center ($309k), Claymore Senior Center Inc ($309k) and Brothers in Arms Foundation Inc ($309k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 45% of the total. Other salaries and wages came to $39k. At year end it held assets of $1.0m against liabilities of $13k, net assets of $1.0m. It reported 4 employees.