Selma Housing Development Corporation

Analysis

Selma Housing Development Corporation is a registered charity in United States, based in Selma, AL. It received its IRS tax-exemption ruling in March 1989, 37 years ago. 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 December 2023, Selma Housing Development Corporation reported income of $143k and spending of $191k, spending 134% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $140k to $143k (+2.1%), an average of +0.5% a year. The sharpest change came in the year to December 2021, when income dropped by 18%. Over the whole period it spent 148% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Selma Housing Development Corporation sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 46th percentile within AL. Charities of a similar size with the same main cause include East Columbia Preschool Incorporated ($143k), PTA California Congress of Parents Teachers & Students Inc ($143k) and Little Britches Youth Association ($143k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $87k (46% of expenses). At year end it held assets of $974k against liabilities of $342k, net assets of $632k. It reported 1 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.