Homeless Sheltyer Action Committee Inc

Analysis

Homeless Sheltyer Action Committee Inc is a registered charity in United States, based in Cartersville, GA. It received its IRS tax-exemption ruling in February 1996, 30 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, Homeless Sheltyer Action Committee Inc reported income of $1.3m and spending of $1.3m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $942k to $1.3m (+41%), an average of +8.9% a year. The sharpest change came in the year to December 2023, when income rose by 15%. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Homeless Sheltyer Action Committee Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 85th percentile within GA. Charities of a similar size with the same main cause include Tuskegee Alumni Housing Foundation Inc ($1.3m), Huntsman Community Shelter ($1.3m) and East Lake Initiative a Nonprofit Corporation ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% of the total. Compensation of current officers, directors and key employees was $70k (5.5% of expenses). Other salaries and wages came to $303k. At year end it held assets of $1.4m against liabilities of $599k, net assets of $850k. It reported 22 employees.