Swainsboro Presbyterian Housing Corporation

Analysis

Swainsboro Presbyterian Housing Corporation is a registered charity in United States, based in Swainsboro, GA. It received its IRS tax-exemption ruling in October 1980, 46 years ago. 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, Swainsboro Presbyterian Housing Corporation reported income of $545k and spending of $541k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $483k to $545k (+13%), an average of +3.1% a year. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Swainsboro Presbyterian Housing Corporation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 75th percentile within GA. Charities of a similar size with the same main cause include Flat Rock Childrens Home of the United Methodist Church ($545k), Naugatuck Valley Community Technical College Foundation ($545k) and Mineola Athletic Association Inc ($545k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $50k (9.2% of expenses). Other salaries and wages came to $93k. At year end it held assets of $463k against liabilities of $1.2m, net assets of -$774k. It reported 5 employees.