Patricia and Mark Joseph Shelter Foundation Inc

Analysis

Patricia and Mark Joseph Shelter Foundation Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in March 1990, 36 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, Patricia and Mark Joseph Shelter Foundation Inc reported income of $4.3m and spending of $7.0m, spending 162% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.2m to $4.3m (+2.7%), an average of +0.7% a year. The sharpest change came in the year to December 2021, when income rose by 62%. Over the whole period it spent 112% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Patricia and Mark Joseph Shelter Foundation Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MD. Charities of a similar size with the same main cause include Transitional Living Services ($4.3m), Heartland Housing Inc ($4.3m) and Shelter Inc Suite 203 ($4.3m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 73% of the total. Compensation of current officers, directors and key employees was $41k (0.6% of expenses). Other salaries and wages came to $333k. At year end it held assets of $43.9m against liabilities of $8.9m, net assets of $35.0m. It reported 1 employees.