Streets of Paradise Inc

Analysis

Streets of Paradise Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in March 2018, 8 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, Streets of Paradise Inc reported income of $88k and spending of $215k, spending 244% of what it took in. Across the 3 years on record, from December 2020 to December 2023, income fell from $207k to $88k (-57%), an average of -35% a year. The sharpest change came in the year to December 2023, when income dropped by 56%. 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, Streets of Paradise Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 37th percentile within FL. Charities of a similar size with the same main cause include Putnam County DD Residential Services Inc ($88k), Hacienda de Ybor Inc ($88k) and E D Farmer Foundation ($88k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $26k against liabilities of $25k, net assets of $353.