I M Sulzbacher Center for the Homeless Inc

Analysis

I M Sulzbacher Center for the Homeless Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in July 1994, 32 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, I M Sulzbacher Center for the Homeless Inc reported income of $20.1m and spending of $20.4m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $16.6m to $20.1m (+21%), an average of +4.8% a year. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, I M Sulzbacher Center for the Homeless 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 97th percentile within FL. Charities of a similar size with the same main cause include New Hope Transitional Housing Inc ($20.1m), Shelter Inc ($20.1m) and Habitat for Humanity International Inc ($19.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 8.0% of the total. Compensation of current officers, directors and key employees was $306k (1.5% of expenses). Other salaries and wages came to $8.5m. At year end it held assets of $21.0m against liabilities of $2.3m, net assets of $18.6m. It reported 221 employees.