Sheltersuit USA Foundation

Analysis

Sheltersuit USA Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 2020, 6 years ago. 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, Sheltersuit USA Foundation reported income of $110k and spending of $147k, spending 133% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $144k to $110k (-24%), an average of -13% a year. The sharpest change came in the year to December 2022, when income dropped by 40%. Over the whole period it spent 138% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sheltersuit USA Foundation sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 38th percentile within NY. Charities of a similar size with the same main cause include Community Foundation of Balboa Peninsula Point ($110k), Ocean Point Colony Trust Inc ($110k) and Snoqualmie Valley Historical Society ($110k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $17k against liabilities of $348, net assets of $17k.

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.