Selfhelp Realty Group Inc

Analysis

Selfhelp Realty Group Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 2019, 7 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 June 2023, Selfhelp Realty Group Inc reported income of $2.9m and spending of $3.7m, spending 129% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $370k to $2.9m (+674%), an average of +67% a year. The sharpest change came in the year to June 2020, when income rose by 134%. Over the whole period it spent 133% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Selfhelp Realty Group Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include Maryland Center for Veterans Education and Training Inc ($2.9m), S a Y Detroit ($2.9m) and Senior Citizens Housing Development Corp of Montgomery County ($2.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 47% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $255k (6.9% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $7.0m against liabilities of $5.6m, net assets of $1.4m. It reported 28 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.