Greenville Housing Fund

Analysis

Greenville Housing Fund is a registered charity in United States, based in Greenville, SC. It received its IRS tax-exemption ruling in June 2020, 6 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, Greenville Housing Fund reported income of $22.5m and spending of $6.7m, leaving 70% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $1.6m to $22.5m (+1334%), an average of +143% a year. The sharpest change came in the year to December 2023, when income rose by 280%. Over the whole period it spent 32% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Greenville Housing Fund sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within SC. Charities of a similar size with the same main cause include Hookston Senior Homes Inc ($22.4m), New Communities Inc ($22.5m) and Ragin Cajun Facilities Inc ($22.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $236k (3.5% of expenses). Other salaries and wages came to $643k. At year end it held assets of $81.3m against liabilities of $56.8m, net assets of $24.4m. It reported 6 employees.