Habitat for Humanity Sarasota Inc

Analysis

Habitat for Humanity Sarasota Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in October 1985, 41 years ago. 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, Habitat for Humanity Sarasota Inc reported income of $8.0m and spending of $5.9m, leaving 26% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.7m to $8.0m (+20%), an average of +4.7% a year. The sharpest change came in the year to June 2022, when income rose by 59%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Habitat for Humanity Sarasota Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within FL. Charities of a similar size with the same main cause include Ruth Jensen Village Residential Services Inc ($8.0m), Western Colorado University Foundation ($8.0m) and Adept Educational Institute Inc ($8.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $480k (8.1% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $23.3m against liabilities of $8.1m, net assets of $15.1m. It reported 39 employees.