Homes for Shippensburg Inc

Analysis

Homes for Shippensburg Inc is a registered charity in United States, based in Annapolis, MD. It received its IRS tax-exemption ruling in May 1999, 27 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Homes for Shippensburg Inc reported income of $226k and spending of $260k, spending 115% of what it took in. Across the 4 years on record, from March 2020 to March 2023, income grew from $206k to $226k (+10.0%), an average of +3.2% a year. Over the whole period it spent 120% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Homes for Shippensburg Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within MD. Charities of a similar size with the same main cause include H O L I E of Cudahy Inc ($226k), Hamilton Gardens Inc ($226k) and Marblehead Community Housing Corporation ($226k).

On its Form 990 for the period ending March 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $865k against liabilities of $1.7m, net assets of -$878k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.