Sheltering Arms Corporation

Analysis

Sheltering Arms Corporation is a registered charity in United States, based in Mechanicsvlle, VA. It received its IRS tax-exemption ruling in December 2023, 3 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 September 2023, Sheltering Arms Corporation reported income of $4.4m and spending of $9.5m, spending 217% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.1m to $4.4m (+289%), an average of +40% a year. The sharpest change came in the year to September 2020, when income rose by 1916%. Over the whole period it spent 85% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Sheltering Arms Corporation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within VA. Charities of a similar size with the same main cause include Lakeview Health ($4.4m), Mercy Health ($4.4m) and Little Sisters of the Poor St Josephs Home for the Elderly ($4.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.8% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $433k (4.5% of expenses). At year end it held assets of $137.1m against liabilities of $56.2m, net assets of $80.9m.