Shelter Inc

Analysis

Shelter Inc is a registered charity in United States, based in Concord, CA. It received its IRS tax-exemption ruling in October 1991, 35 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 June 2023, Shelter Inc reported income of $20.1m and spending of $21.9m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.2m to $20.1m (+79%), an average of +16% a year. The sharpest change came in the year to June 2021, when income rose by 50%. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Shelter Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include I M Sulzbacher Center for the Homeless Inc ($20.1m), Arlington Assembly of God Housing Corp ($20.1m) and New Hope Transitional Housing Inc ($20.1m).

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. Compensation of current officers, directors and key employees was $1.2m (5.4% of expenses). Other salaries and wages came to $6.0m. At year end it held assets of $14.9m against liabilities of $8.1m, net assets of $6.7m. It reported 211 employees.