Shady Lane Home Inc

Analysis

Shady Lane Home Inc is a registered charity in United States, based in Manitowoc, WI. It received its IRS tax-exemption ruling in April 1953, 73 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Shady Lane Home Inc reported income of $9.3m and spending of $10.9m, spending 117% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $9.8m to $9.3m (-5.2%), an average of -1.3% a year. Over the whole period it spent 110% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Shady Lane Home Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within WI. Charities of a similar size with the same main cause include Area Five Agency on Aging & Community Services ($9.3m), Hospice Brazos Valley Inc ($9.3m) and Douglass Community Services Inc ($9.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.2% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $315k (2.9% of expenses). Other salaries and wages came to $5.1m. At year end it held assets of $12.1m against liabilities of $6.4m, net assets of $5.7m. It reported 253 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.