Sarasota Housing Funding Corporation

Analysis

Sarasota Housing Funding Corporation is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Sarasota Housing Funding Corporation reported income of $1.1m and spending of $1.0m, spending 92% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $856k to $1.1m (+31%), an average of +6.9% a year. The sharpest change came in the year to March 2022, when income rose by 21%. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Sarasota Housing Funding Corporation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 83rd percentile within FL. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($1.1m), Lewistown Area Community Development Corporation ($1.1m) and Nine Wall Street Corp ($1.1m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 9.8% and program service revenue 83% of the total. At year end it held assets of $11.6m against liabilities of $11.0m, net assets of $523k.