Shore Courts Inc

Analysis

Shore Courts Inc is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in July 1999, 27 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, Shore Courts Inc reported income of $132k and spending of $184k, spending 139% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $133k to $132k (-0.5%), an average of -0.1% a year. Over the whole period it spent 136% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Shore Courts Inc sits at the 29th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 40th percentile within RI. Charities of a similar size with the same main cause include Barkhamsted Housing Trust ($132k), The Launch Pad Foundation Inc ($132k) and Citizens United for Redevelopment and Economic Stability of Chester ($132k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 63% and program service revenue 33% of the total. At year end it held assets of $759k against liabilities of $1.4m, net assets of -$637k.

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.