Saraland Manors Inc

Analysis

Saraland Manors Inc is a registered charity in United States, based in Gulfport, MS. It received its IRS tax-exemption ruling in June 2024, 2 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 December 2023, Saraland Manors Inc reported income of $1.2m and spending of $1.4m, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.2m (+18%), an average of +4.2% a year. Over the whole period it spent 107% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Saraland Manors Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within MS. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($1.2m), Mt Pleasant Housing Development Fund Co Inc ($1.2m) and Sojourner Truth Housing Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 25% of the total. At year end it held assets of $6.6m against liabilities of $8.0m, net assets of -$1.3m.

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.