Sheltering Palms Foundation Inc

Analysis

Sheltering Palms Foundation Inc is a registered charity in United States, based in Boca Raton, FL. It received its IRS tax-exemption ruling in January 1998, 28 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, Sheltering Palms Foundation Inc reported income of $260k and spending of $682k, spending 262% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.8m to $260k (-86%), an average of -38% a year. The sharpest change came in the year to December 2023, when income rose by 435%. Over the whole period it spent 87% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Sheltering Palms Foundation Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 62nd percentile within FL. Charities of a similar size with the same main cause include Orlando Regional Realtor Foundation Inc ($260k), Willow Glen Housing Inc ($260k) and Hope House of Tennessee Inc ($260k).

Compensation of current officers, directors and key employees was $416k (61% of expenses). At year end it held assets of $8.0m against liabilities of $4,604, net assets of $8.0m. It reported 2 employees.