Steele Creek Housing Corporation

Analysis

Steele Creek Housing Corporation is a registered charity in United States, based in Gray, TN. It received its IRS tax-exemption ruling in October 1984, 42 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2024, Steele Creek Housing Corporation reported income of $57k and spending of $51k, spending 89% of its income. Across the 3 years on record, from June 2022 to June 2024, income fell from $233k to $57k (-75%), an average of -50% a year. The sharpest change came in the year to June 2023, when income dropped by 76%. Over the whole period it spent 44% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Steele Creek Housing Corporation sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 21st percentile within TN. Charities of a similar size with the same main cause include Empowered by Grace ($57k), Collectibles Antiques Thrift Store ($57k) and Bunica Susie Ministries Inc ($57k).

On its Form 990-EZ for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $318k against liabilities of $309k, net assets of $8,928.