Santee Lynches Affordable Housing and Community Development Corp

Analysis

Santee Lynches Affordable Housing and Community Development Corp is a registered charity in United States, based in Sumter, SC. It received its IRS tax-exemption ruling in July 1992, 34 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 December 2023, Santee Lynches Affordable Housing and Community Development Corp reported income of $3.5m and spending of $3.8m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $3.5m (+91%), an average of +18% a year. The sharpest change came in the year to December 2020, when income rose by 335%. Over the whole period it spent 77% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Santee Lynches Affordable Housing and Community Development Corp sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within SC. Charities of a similar size with the same main cause include Hope Community Inc ($3.5m), Rutland West Neighborhood Housing Services Inc ($3.5m) and Volunteer Legal Advocates ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.2% and program service revenue 92% of the total. Other salaries and wages came to $337k. At year end it held assets of $20.7m against liabilities of $6.7m, net assets of $14.0m. It reported 11 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.