Sayre Village Phase III Inc

Analysis

Sayre Village Phase III Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in May 1986, 40 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 September 2023, Sayre Village Phase III Inc reported income of $5.3m and spending of $5.5m, spending 104% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.6m to $5.3m (+45%), an average of +9.8% a year. The sharpest change came in the year to September 2022, when income rose by 35%. 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, Sayre Village Phase III Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within KY. Charities of a similar size with the same main cause include Castle Square Tenants Organization Inc ($5.3m), Churchill Manor Inc ($5.3m) and Residential Care Services Inc ($5.3m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $1.8m. At year end it held assets of $15.8m against liabilities of $14.0m, net assets of $1.7m. It reported 96 employees.

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.