Searcy Housing Solutions Inc

Analysis

Searcy Housing Solutions Inc is a registered charity in United States, based in Searcy, AR. It received its IRS tax-exemption ruling in June 2021, 5 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, Searcy Housing Solutions Inc reported income of $220k and spending of $77k, leaving 65% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $461k to $220k (-52%), an average of -52% a year. The sharpest change came in the year to December 2023, when income dropped by 52%. Over the whole period it spent 12% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Searcy Housing Solutions Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 57th percentile within AR. Charities of a similar size with the same main cause include Affordable Housing Services ($219k), Lotus Community Project Inc ($220k) and Artspace Development Corporation ($219k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $928k against liabilities of $0, net assets of $928k.