Shelter Housing Corporation

Analysis

Shelter Housing Corporation is a registered charity in United States, based in Ames, IA. It received its IRS tax-exemption ruling in December 1987, 39 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 June 2023, Shelter Housing Corporation reported income of $2.7m and spending of $2.1m, leaving 24% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $805k to $2.7m (+240%), an average of +36% a year. The sharpest change came in the year to June 2021, when income rose by 73%. Over the whole period it spent 83% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Shelter Housing Corporation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within IA. Charities of a similar size with the same main cause include Partners in Hope Inc ($2.7m), Ozanam Inn ($2.7m) and Oakland Community Land Trust ($2.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $104k (5.0% of expenses). Other salaries and wages came to $663k. At year end it held assets of $3.6m against liabilities of $1.4m, net assets of $2.2m. It reported 34 employees.