Shelter Ministries Inc

Analysis

Shelter Ministries Inc is a registered charity in United States, based in Auburn, IN. It received its IRS tax-exemption ruling in November 1991, 35 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 September 2023, Shelter Ministries Inc reported income of $93k and spending of $104k, spending 112% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $87k to $93k (+7.0%), an average of +1.7% a year. The sharpest change came in the year to September 2023, when income rose by 69%. Over the whole period it spent 117% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Shelter Ministries Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 32nd percentile within IN. Charities of a similar size with the same main cause include TG 105 Inc ($93k), Western Iowa Housing Corporation ($93k) and Philadelphia Community Land Trust ($93k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $24k (23% of expenses). Other salaries and wages came to $30k. At year end it held assets of $457k against liabilities of $1,828, net assets of $456k. It reported 5 employees.