Shelter Inc

Analysis

Shelter Inc is a registered charity in United States, based in Alpena, MI. It received its IRS tax-exemption ruling in October 1979, 47 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 Inc reported income of $2.3m and spending of $1.9m, leaving 21% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.5m to $2.3m (+58%), an average of +12% a year. The sharpest change came in the year to September 2023, when income rose by 30%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Shelter Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within MI. Charities of a similar size with the same main cause include Riverside Presbyterian House Inc ($2.3m), Wesley House Community Center ($2.3m) and Tulsa Pythian Manor Inc ($2.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $82k (4.4% of expenses). Other salaries and wages came to $960k. At year end it held assets of $1.2m against liabilities of $293k, net assets of $953k. It reported 62 employees.