Shires Housing Inc

Analysis

Shires Housing Inc is a registered charity in United States, based in Bennington, VT. It received its IRS tax-exemption ruling in May 1994, 32 years ago. 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 December 2023, Shires Housing Inc reported income of $902k and spending of $611k, leaving 32% of income unspent that year. Across the 6 years on record, from September 2019 to December 2023, income fell from $2.1m to $902k (-57%), an average of -15% a year. The sharpest change came in the year to September 2023, when income rose by 79%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Shires Housing Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 75th percentile within VT. Charities of a similar size with the same main cause include New Mexico Child Advocacy Networks ($901k), Missouri Parents Act ($902k) and Nami San Mateo County ($901k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $27k (4.4% of expenses). Other salaries and wages came to $214k. At year end it held assets of $14.8m against liabilities of $8.1m, net assets of $6.6m. It reported 32 employees.