Siren-Eaton Shelter Inc

Analysis

Siren-Eaton Shelter Inc is a registered charity in United States, based in Charlotte, MI. It received its IRS tax-exemption ruling in April 1995, 31 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2022, Siren-Eaton Shelter Inc reported income of $1.1m and spending of $1.2m, spending 111% of what it took in. Across the 4 years on record, from September 2019 to September 2022, income fell from $1.3m to $1.1m (-14%), an average of -5.0% a year. The sharpest change came in the year to September 2022, when income dropped by 22%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Siren-Eaton Shelter Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within MI. Charities of a similar size with the same main cause include Career Nexus ($1.1m), Provincetown Commons ($1.1m) and Junior League of Nashville Inc ($1.1m).

On its Form 990 for the period ending September 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $528k. At year end it held assets of $675k against liabilities of $254k, net assets of $421k. It reported 22 employees.