Shelter the Homeless Committee Inc

Analysis

Shelter the Homeless Committee Inc is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in January 1990, 36 years ago. 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 the Homeless Committee Inc reported income of $34.3m and spending of $9.4m, leaving 73% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $14.2m to $34.3m (+142%), an average of +25% a year. The sharpest change came in the year to December 2022, when income rose by 263%. Over the whole period it spent 45% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Shelter the Homeless Committee Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within UT. Charities of a similar size with the same main cause include Feeding Westchester Inc ($34.3m), John E Andrus Memorial Inc ($34.3m) and Nysarc Inc ($34.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $222k (2.4% of expenses). Other salaries and wages came to $371k. At year end it held assets of $98.3m against liabilities of $10.6m, net assets of $87.7m. It reported 7 employees.