Shared Housing Center Inc

Analysis

Shared Housing Center Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in March 1987, 39 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 December 2023, Shared Housing Center Inc reported income of $845k and spending of $1.0m, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $845k (-36%), an average of -11% a year. The sharpest change came in the year to December 2022, when income rose by 292%. Over the whole period it spent 54% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Shared Housing Center Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within TX. Charities of a similar size with the same main cause include Wesley Acres a Methodist Home for the Aging Inc ($845k), Shenandoah Valley Westminster-Canterbury Foundation ($845k) and Eagle Village Inc ($844k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 2.7% of the total. Compensation of current officers, directors and key employees was $72k (7.2% of expenses). Other salaries and wages came to $268k. At year end it held assets of $4.8m against liabilities of $393k, net assets of $4.4m. It reported 15 employees.