Shelters of Saratoga Inc

Analysis

Shelters of Saratoga Inc is a registered charity in United States, based in Saratoga SPGS, NY. It received its IRS tax-exemption ruling in February 1994, 32 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Shelters of Saratoga Inc reported income of $2.2m and spending of $1.7m, leaving 21% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.6m to $2.2m (+34%), an average of +7.7% a year. The sharpest change came in the year to June 2021, when income rose by 69%. Over the whole period it spent 76% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Shelters of Saratoga Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Hawaii Island Community Development Corporation ($2.2m), Icl Joselow House Inc ($2.2m) and National Affordable Housing Foundation Taunton Inc ($2.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 75% and program service revenue 8.8% of the total. Other salaries and wages came to $1.0m. At year end it held assets of $4.4m against liabilities of $420k, net assets of $4.0m. It reported 58 employees.