Shamar Hope Haven Residential Treatment Center

Analysis

Shamar Hope Haven Residential Treatment Center is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in February 2000, 26 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Shamar Hope Haven Residential Treatment Center reported income of $778k and spending of $899k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $778k (-29%), an average of -8.1% a year. The sharpest change came in the year to December 2020, when income dropped by 21%. Over the whole period it spent 114% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Shamar Hope Haven Residential Treatment Center 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 76th percentile, and in the 80th percentile within TX. Charities of a similar size with the same main cause include Pensdale Housing Inc ($778k), NW Services Inc ($779k) and Catherines Childrens Home ($778k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $134k (15% of expenses). Other salaries and wages came to $384k. At year end it held assets of $48k against liabilities of $787k, net assets of -$739k. It reported 22 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.