Shaker Pointe at Carondelet

Analysis

Shaker Pointe at Carondelet is a registered charity in United States, based in Watervliet, NY. It received its IRS tax-exemption ruling in March 2008, 18 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, Shaker Pointe at Carondelet reported income of $6.8m and spending of $8.0m, spending 118% of what it took in. Across the 4 years on record, from June 2019 to June 2023, income grew from $6.1m to $6.8m (+12%), an average of +3.7% a year. Over the whole period it spent 113% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Shaker Pointe at Carondelet sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include The Uwm Real Estate Foundation Inc ($6.8m), Conservation Farms & Ranches ($6.8m) and Housing Partners of Tulsa Inc ($6.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.7% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $262k (3.3% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $49.0m against liabilities of $61.9m, net assets of -$12.9m. It reported 66 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.