Talbot Interfaith Shelter Inc

Analysis

Talbot Interfaith Shelter Inc is a registered charity in United States, based in Easton, MD. It received its IRS tax-exemption ruling in September 2014, 12 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 2023, Talbot Interfaith Shelter Inc reported income of $1.1m and spending of $1.0m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $439k to $1.1m (+158%), an average of +27% a year. The sharpest change came in the year to June 2021, when income rose by 91%. Over the whole period it spent 75% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Talbot Interfaith Shelter Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MD. Charities of a similar size with the same main cause include Home City Development Inc ($1.1m), Gwinnett Housing Corporation ($1.1m) and Pines at Narragansett Housing Development Fund Company Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 5.2% of the total. Compensation of current officers, directors and key employees was $107k (10% of expenses). Other salaries and wages came to $448k. It paid $31k in professional fundraising fees. At year end it held assets of $2.2m against liabilities of $768k, net assets of $1.4m. It reported 19 employees.