Ashtabula Homeless Shelter Inc

Analysis

Ashtabula Homeless Shelter Inc is a registered charity in United States, based in Ashtabula, OH. It received its IRS tax-exemption ruling in June 1990, 36 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 December 2023, Ashtabula Homeless Shelter Inc reported income of $810k and spending of $241k, leaving 70% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $208k to $810k (+290%), an average of +57% a year. The sharpest change came in the year to December 2023, when income rose by 160%. Over the whole period it spent 64% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ashtabula Homeless Shelter Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within OH. Charities of a similar size with the same main cause include National Housing Institute ($810k), Margaret McDowell Associates Inc ($810k) and Lumber River Housing Development Incorporated ($809k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Other salaries and wages came to $159k. At year end it held assets of $1.0m against liabilities of $410k, net assets of $599k. It reported 7 employees.