Shelton Senior Housing Inc

Analysis

Shelton Senior Housing Inc is a registered charity in United States, based in Shelton, CT. It received its IRS tax-exemption ruling in February 1998, 28 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, Shelton Senior Housing Inc reported income of $508k and spending of $536k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $436k to $508k (+16%), an average of +3.9% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 119% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Shelton Senior Housing Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 68th percentile within CT. Charities of a similar size with the same main cause include Coronel Place Inc ($508k), Ruths House of Hope ($508k) and Sacred Heart Village III Inc ($507k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $90k. At year end it held assets of $3.7m against liabilities of $41k, net assets of $3.6m.

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.