Salem Baptist Church of Atlanta Housing Foundation Inc

Analysis

Salem Baptist Church of Atlanta Housing Foundation Inc is a registered charity in United States, based in Spring Valley, NY. It received its IRS tax-exemption ruling in September 1984, 42 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 December 2023, Salem Baptist Church of Atlanta Housing Foundation Inc reported income of $560k and spending of $558k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $356k to $560k (+58%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 109% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Salem Baptist Church of Atlanta Housing Foundation Inc 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 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include Ahsc Qalicb ($560k), Family Promise of Shenandoah County Inc ($560k) and Habitat for Humanity International Inc ($560k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $91k. At year end it held assets of $1.4m against liabilities of $64k, net assets of $1.3m.