Sterling Grove Housing Development

Analysis

Sterling Grove Housing Development is a registered charity in United States, based in Lafayette, LA. It received its IRS tax-exemption ruling in August 1985, 41 years ago. 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 September 2023, Sterling Grove Housing Development reported income of $323k and spending of $325k, spending 101% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $295k to $323k (+9.7%), an average of +2.3% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sterling Grove Housing Development sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within LA. Charities of a similar size with the same main cause include Parents Nursery School Inc ($323k), Friends Meeting House & Cemetery Assoc of Randolph Township N J ($323k) and Dickinson Hospitals Foundation ($323k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $1.1m against liabilities of $1.4m, net assets of -$308k.