Boulder Shelter for the Homeless Inc

Analysis

Boulder Shelter for the Homeless Inc is a registered charity in United States, based in Boulder, CO. It received its IRS tax-exemption ruling in April 1988, 38 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 September 2023, Boulder Shelter for the Homeless Inc reported income of $9.0m and spending of $6.5m, leaving 27% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.8m to $9.0m (+223%), an average of +34% a year. The sharpest change came in the year to September 2023, when income rose by 50%. Over the whole period it spent 86% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Boulder Shelter for the Homeless Inc sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within CO. Charities of a similar size with the same main cause include Enable of Georgia Inc ($9.0m), Family Gateway Inc ($9.0m) and Bay Area Housing Corporation ($9.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 88% and program service revenue 5.7% of the total. Compensation of current officers, directors and key employees was $459k (7.0% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $12.5m against liabilities of $2.6m, net assets of $9.9m. It reported 94 employees.