Shakopee Supportive Housing Inc

Analysis

Shakopee Supportive Housing Inc is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in March 2005, 21 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2024, Shakopee Supportive Housing Inc reported income of $250k and spending of $249k, spending 100% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $171k to $250k (+46%), an average of +10% a year. The sharpest change came in the year to June 2024, when income rose by 40%. Over the whole period it spent 127% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Shakopee Supportive Housing Inc sits at the 53rd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 57th percentile within MN. Charities of a similar size with the same main cause include Pampa Meals on Wheels Inc ($250k), Hello Gorgeous of Hope Inc ($250k) and Angel Hair Foundation Inc ($250k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 52% and program service revenue 32% of the total. Other salaries and wages came to $31k. At year end it held assets of $1.6m against liabilities of $129k, net assets of $1.5m.