Simon House Inc

Analysis

Simon House Inc is a registered charity in United States, based in Frankfort, KY. It received its IRS tax-exemption ruling in August 1987, 39 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 December 2023, Simon House Inc reported income of $665k and spending of $745k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $163k to $665k (+307%), an average of +42% a year. The sharpest change came in the year to December 2020, when income rose by 70%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Simon House Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within KY. Charities of a similar size with the same main cause include St Andre Home Inc ($665k), Montclair Neighborhood Development Corp ($665k) and Chi Sin Buddhist & Taoist Association ($664k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $437k. At year end it held assets of $100k against liabilities of $68k, net assets of $32k. It reported 36 employees.