City of Sumter Housing & Economic Developement Corporation
Only null% goes to programs Strong reserves Declining revenue
City of Sumter Housing & Economic Developement Corporation is a 501(c)(3) organization based in Sumter, South Carolina, registered in 1998, with $1,986,214 in FY2024 revenue. CharityIndex grades it C+.
Po Box 1449, Sumter, SC, 29151 EIN 58-2338582 Since 1998
Revenue (FY2024)
$2.0M
▲ 52.9% vs prior year
Housing median: $408K
Expenses (FY2024)
$570K
Net assets
$7.8M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for City of Sumter Housing & Economic Developement Corporation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating164 mo reserves · +71% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For City of Sumter Housing & Economic Developement Corporation: 164 mo reserves · +71% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for City of Sumter Housing & Economic Developement Corporation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For City of Sumter Housing & Economic Developement Corporation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- Po Box 1449, Sumter, SC, 29151
- City
- Sumter
- State
- South Carolina
- Category
- Housing & Shelter
- Subcategory
- Housing Support Services
Financial trends
Revenue grew from $81K (FY2017) to $2.0M (FY2024) across 8 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $169KNet assets $7.8M
Operating margin
71.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$8.0M
Total liabilities
$169K
Net assets
$7.8M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,986,214▲52.9% | $569,743▲27.5% | $7,801,405▲22.2% | $7,970,024▲24.8% | 990 |
| 2023 | $1,299,448▼45.7% | $446,750▼62.3% | $6,384,934▲15.4% | $6,386,459▲12.9% | 990 |
| 2022 | $2,391,474▲0.3% | $1,186,345▼45.9% | $5,532,236▲27.9% | $5,656,069▲21.2% | 990 |
| 2021 | $2,384,397▲44.1% | $2,191,044▲412% | $4,327,107▲4.7% | $4,664,908▲12.8% | 990 |
| 2020 | $1,654,734▲27.1% | $427,636▼62.1% | $4,133,754▲42.2% | $4,133,754▲42.2% | 990 |
| 2019 | $1,302,308▼39.1% | $1,127,265▲116% | $2,906,656▲6.4% | $2,906,656▲5.8% | 990 |
| 2018 | $2,137,027▲2540% | $520,773▲356% | $2,731,613▲145% | $2,746,725▲146% | 990 |
| 2017 | $80,955 | $114,156▼60.9% | $1,115,359▲71.9% | $1,115,359▲71.7% | 990 |
| 2011 | — | $291,828 | $648,970 | $649,770 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Compare City of Sumter Housing & Economic Developement Corporation
Frequently asked questions
- Is City of Sumter Housing & Economic Developement Corporation a legitimate nonprofit?
- Yes. City of Sumter Housing & Economic Developement Corporation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 58-2338582, based in Sumter, South Carolina. Donations are tax-deductible.
- What is City of Sumter Housing & Economic Developement Corporation's EIN?
- City of Sumter Housing & Economic Developement Corporation's Employer Identification Number (EIN) is 58-2338582.
- How much revenue does City of Sumter Housing & Economic Developement Corporation report?
- City of Sumter Housing & Economic Developement Corporation reported $1,986,214 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does City of Sumter Housing & Economic Developement Corporation have?
- CharityIndex grades City of Sumter Housing & Economic Developement Corporation C+, based on financial health (reserves and operating margin).
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Data for City of Sumter Housing & Economic Developement Corporation (EIN 58-2338582) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.