Shelter Ministries of Rowan County

Analysis

Shelter Ministries of Rowan County is a registered charity in United States, based in Salisbury, NC. It received its IRS tax-exemption ruling in June 1997, 29 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Shelter Ministries of Rowan County reported income of $1.6m and spending of $244k, leaving 85% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $6,500 to $1.6m (+24831%), an average of +297% a year. The sharpest change came in the year to December 2021, when income rose by 1824%. Over the whole period it spent 39% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Shelter Ministries of Rowan County sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within NC. Charities of a similar size with the same main cause include Yuba-Sutter Fair Heritage Foundation ($1.6m), First Place Food Pantry Inc ($1.6m) and Terrace Gardens Retirement Center Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $9.7m against liabilities of $2.0m, net assets of $7.7m.