Shepherds Hand Inc

Analysis

Shepherds Hand Inc is a registered charity in United States, based in Montrose, CO. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Shepherds Hand Inc reported income of $281k and spending of $320k, spending 114% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $364k to $281k (-23%), an average of -12% a year. The sharpest change came in the year to December 2023, when income dropped by 16%. Over the whole period it spent 70% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Shepherds Hand Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within CO. Charities of a similar size with the same main cause include Newton Highlands Community Development Corp ($281k), Treasure House ($281k) and Liberty Group Senior Services Inc ($280k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $24k (7.4% of expenses). Other salaries and wages came to $84k. At year end it held assets of $825k against liabilities of $394k, net assets of $431k. It reported 11 employees.