Silver Lake Housing Inc

Analysis

Silver Lake Housing Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in October 1985, 41 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 December 2023, Silver Lake Housing Inc reported income of $759k and spending of $765k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $706k to $759k (+7.5%), an average of +1.8% a year. Over the whole period it spent 103% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Silver Lake Housing Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within TX. Charities of a similar size with the same main cause include New River Cottage Inc ($759k), 1850 Second Avenue Services Corp ($760k) and Telacu Housing Rialto II Inc ($759k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $156k. At year end it held assets of $1.6m against liabilities of $2.2m, net assets of -$597k. It reported 6 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.