Sunshine Community Housing Development Organization Inc

Analysis

Sunshine Community Housing Development Organization Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in September 2016, 10 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 June 2023, Sunshine Community Housing Development Organization Inc reported income of $581k and spending of $117k, leaving 80% of income unspent that year. Across the 3 years on record, from June 2021 to June 2023, income fell from $1.5m to $581k (-60%), an average of -37% a year. The sharpest change came in the year to June 2022, when income dropped by 100%. Over the whole period it spent 86% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Sunshine Community Housing Development Organization Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 75th percentile within FL. Charities of a similar size with the same main cause include Samaritan Housing Inc ($581k), Southfield Non-Profit Housing Corporation ($582k) and Madis Place Inc ($581k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $71k (61% of expenses). Other salaries and wages came to $30k. At year end it held assets of $967k against liabilities of $530k, net assets of $437k.