Fort Mill Housing Services Inc

Analysis

Fort Mill Housing Services Inc is a registered charity in United States, based in Fort Mill, SC. It received its IRS tax-exemption ruling in November 1998, 28 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 June 2023, Fort Mill Housing Services Inc reported income of $1.2m and spending of $1.3m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.0m to $1.2m (+17%), an average of +4.0% a year. The sharpest change came in the year to June 2020, when income rose by 162%. Over the whole period it spent 79% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Fort Mill Housing Services Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 85th percentile within SC. Charities of a similar size with the same main cause include Affordable Housing Solutions Inc ($1.2m), Newtown Housing for the Elderly Inc ($1.2m) and Living Waters International Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 7.1% of the total. At year end it held assets of $2.6m against liabilities of $247k, net assets of $2.3m.

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.