Sheldon Oak Central Inc

Analysis

Sheldon Oak Central Inc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in October 1980, 46 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, Sheldon Oak Central Inc reported income of $2.5m and spending of $3.1m, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.8m to $2.5m (-11%), an average of -3.0% a year. Over the whole period it spent 121% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Sheldon Oak Central Inc sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 86th percentile within CT. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($2.5m), Neighborhoods Inc ($2.5m) and Mid-Maine Homeless Shelter Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $161k (5.2% of expenses). Other salaries and wages came to $692k. At year end it held assets of $13.0m against liabilities of $6.3m, net assets of $6.7m. It reported 5 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.