Sylacauga Special Housing Inc

Analysis

Sylacauga Special Housing Inc is a registered charity in United States, based in Mobile, AL. It received its IRS tax-exemption ruling in October 1990, 36 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Sylacauga Special Housing Inc reported income of $67k and spending of $82k, spending 123% of what it took in. Across the 2 years on record, from September 2022 to September 2023, income fell from $377k to $67k (-82%), an average of -82% a year. The sharpest change came in the year to September 2023, when income dropped by 82%. Over the whole period it spent 45% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Sylacauga Special Housing Inc sits at the 15th percentile: it is larger than about 15% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 25th percentile within AL. Charities of a similar size with the same main cause include Woodlawn Apartments Inc ($67k), Broadway Community Housing Corporation ($67k) and Link to Hope Inc ($67k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 97% of the total. At year end it held assets of $1.4m against liabilities of $859k, net assets of $495k.