Shelter Hope Enterprises Inc

Analysis

Shelter Hope Enterprises Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in September 2014, 12 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 December 2023, Shelter Hope Enterprises Inc reported income of $208k and spending of $239k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $344k to $208k (-40%), an average of -12% a year. The sharpest change came in the year to December 2022, when income dropped by 44%. 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, Shelter Hope Enterprises Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 57th percentile within CA. Charities of a similar size with the same main cause include Neider House ($208k), Grandview Apartments Inc ($208k) and Meadows Housing Corporation Inc ($208k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 2.2% of the total. At year end it held assets of $309k against liabilities of $0, net assets of $309k.