Shelby Oaks Housing Inc

Analysis

Shelby Oaks Housing Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in September 1987, 39 years ago. 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 June 2023, Shelby Oaks Housing Inc reported income of $351k and spending of $377k, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $201k to $351k (+75%), an average of +15% a year. The sharpest change came in the year to June 2022, when income rose by 197%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Shelby Oaks Housing Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within TN. Charities of a similar size with the same main cause include Historical Society of Ocean Grove New Jersey Inc ($351k), Pine County Historical Society ($351k) and Cornhusker United Way Inc ($351k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% and program service revenue 18% of the total. Other salaries and wages came to $46k. At year end it held assets of $717k against liabilities of $1.8m, net assets of -$1.1m.