Souls Harbor Inc

Analysis

Souls Harbor Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in January 1973, 53 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Souls Harbor Inc reported income of $980k and spending of $888k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $785k to $980k (+25%), an average of +5.7% a year. Over the whole period it spent 108% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Souls Harbor Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 83rd percentile within TX. Charities of a similar size with the same main cause include Domestic Abuse Support Center of Shawano County Inc ($980k), Covenant Neighborhoods Inc ($981k) and Carying Place Incorporated ($980k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 5.4% of the total. Compensation of current officers, directors and key employees was $62k (7.0% of expenses). Other salaries and wages came to $63k. At year end it held assets of $1.4m against liabilities of $68k, net assets of $1.3m. It reported 3 employees.