Sloan Street Housing Development Corporation Inc

Analysis

Sloan Street Housing Development Corporation Inc is a registered charity in United States, based in Anderson, SC. It received its IRS tax-exemption ruling in November 1996, 30 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 June 2023, Sloan Street Housing Development Corporation Inc reported income of $132k and spending of $140k, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $114k to $132k (+16%), an average of +3.7% a year. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Sloan Street Housing Development Corporation Inc sits at the 29th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 50th percentile within SC. Charities of a similar size with the same main cause include Colville Meadows ($132k), CPLC Health Inc ($132k) and The Launch Pad Foundation Inc ($132k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $44k. At year end it held assets of $683k against liabilities of $928k, net assets of -$245k.