Sharon Housing Trust Inc

Analysis

Sharon Housing Trust Inc is a registered charity in United States, based in Sharon, CT. It received its IRS tax-exemption ruling in October 2006, 20 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, Sharon Housing Trust Inc reported income of $51k and spending of $37k, leaving 28% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $5,200 to $51k (+880%), an average of +880% a year. The sharpest change came in the year to December 2023, when income rose by 880%. Over the whole period it spent 72% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Sharon Housing Trust Inc sits at the 11th percentile: it is larger than about 11% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 18th percentile within CT. Charities of a similar size with the same main cause include Richard Murphy Hospice House Inc ($51k), Greater Local Neighborhoods Community Development Corporation ($51k) and East Bluff Neighborhood Housing Services Inc ($51k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 61% of the total. At year end it held assets of $545k against liabilities of $517k, net assets of $28k.