Shelbourne Apartment Building Inc

Analysis

Shelbourne Apartment Building Inc is a registered charity in United States, based in Panama City, FL. It received its IRS tax-exemption ruling in August 1994, 32 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 September 2023, Shelbourne Apartment Building Inc reported income of $131k and spending of $125k, spending 96% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $234k to $131k (-44%), an average of -14% a year. The sharpest change came in the year to September 2020, when income dropped by 23%. Over the whole period it spent 118% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Shelbourne Apartment Building Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 48th percentile within FL. Charities of a similar size with the same main cause include Labors Community Service Housing Corporation ($130k), Ken-Crest Housing de 2003 Inc ($131k) and Sunflower Diversified Services-Housing Inc ($130k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 53% and program service revenue 43% of the total. Other salaries and wages came to $17k. At year end it held assets of $685k against liabilities of $161k, net assets of $524k.