Status Home Inc

Analysis

Status Home Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in May 1989, 37 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 (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 2023, Status Home Inc reported income of $23.6m and spending of $9.0m, leaving 62% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.4m to $23.6m (+219%), an average of +34% a year. The sharpest change came in the year to June 2023, when income rose by 206%. Over the whole period it spent 75% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Status Home Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within GA. Charities of a similar size with the same main cause include Jeremiah Program ($23.6m), Humangood Idaho ($23.7m) and Tlingit-Haida Regional Housing Authority ($23.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% and program service revenue 2.7% of the total. Compensation of current officers, directors and key employees was $754k (8.3% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $28.9m against liabilities of $12.9m, net assets of $16.0m. It reported 49 employees.