Shasta Supportive Housing and Services

Analysis

Shasta Supportive Housing and Services is a registered charity in United States, based in Redding, CA. It received its IRS tax-exemption ruling in October 2021, 5 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, Shasta Supportive Housing and Services reported income of $1.2m and spending of $108k, leaving 91% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $552k to $1.2m (+126%), an average of +126% a year. The sharpest change came in the year to December 2023, when income rose by 126%. Over the whole period it spent 12% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Shasta Supportive Housing and Services sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include Shakespeare Senior Housing Development Fund Corporation ($1.2m), Villa Del Norte Apartments Inc ($1.2m) and Concord Plaza Tower Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 7.2% of the total. At year end it held assets of $1.7m against liabilities of $134k, net assets of $1.6m.