Central Iowa Shelter & Services

Analysis

Central Iowa Shelter & Services is a registered charity in United States, based in Des Moines, IA. It received its IRS tax-exemption ruling in January 1998, 28 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, Central Iowa Shelter & Services reported income of $5.7m and spending of $5.6m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.3m to $5.7m (+147%), an average of +25% a year. The sharpest change came in the year to June 2021, when income rose by 97%. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Central Iowa Shelter & Services sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within IA. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($5.7m), Boston Rescue Mission Inc ($5.7m) and Housing Collaborative ($5.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $110k (2.0% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $18.5m against liabilities of $726k, net assets of $17.8m. It reported 186 employees.