Student Housing of America Inc

Analysis

Student Housing of America Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in October 1999, 27 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 2023, Student Housing of America Inc reported income of $4.7m and spending of $5.4m, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.8m to $4.7m (+69%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 20%. Over the whole period it spent 134% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Student Housing of America Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within GA. Charities of a similar size with the same main cause include Community Housing and Resources Inc ($4.7m), Salem Village III Inc ($4.7m) and Housing Assistance and Development Services Inc ($4.7m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 88% of the total. Other salaries and wages came to $378k. At year end it held assets of $17.8m against liabilities of $35.9m, net assets of -$18.2m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.