South Holston Development Corporation

Analysis

South Holston Development Corporation is a registered charity in United States, based in Gray, TN. It received its IRS tax-exemption ruling in July 1985, 41 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 June 2024, South Holston Development Corporation reported income of $92k and spending of $56k, leaving 39% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income fell from $94k to $92k (-1.4%), an average of -1.4% a year. Over the whole period it spent 60% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, South Holston Development Corporation sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 34th percentile within TN. Charities of a similar size with the same main cause include Mt Zion Redevelopment Corp ($92k), Independent Supportive Housing Oakland II Inc ($93k) and Daniels Crossing ($92k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 30% and program service revenue 70% of the total. At year end it held assets of $103k against liabilities of $114k, net assets of -$10k.