Servants of Shelter of Koochiching County

Analysis

Servants of Shelter of Koochiching County is a registered charity in United States, based in International Falls, MN. It received its IRS tax-exemption ruling in December 2013, 13 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, Servants of Shelter of Koochiching County reported income of $431k and spending of $318k, leaving 26% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $279k to $431k (+54%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 59%. Over the whole period it spent 89% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Servants of Shelter of Koochiching County sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within MN. Charities of a similar size with the same main cause include Lutheran Housing Services of Howland ($430k), William R Anderson HDFC ($431k) and Promise Homes and Services Inc ($430k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $38k (12% of expenses). Other salaries and wages came to $104k. At year end it held assets of $646k against liabilities of $209k, net assets of $437k. It reported 11 employees.