Shires Memorial Center

Analysis

Shires Memorial Center is a registered charity in United States, based in Glendale, CA. It received its IRS tax-exemption ruling in July 1985, 41 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 March 2023, Shires Memorial Center reported income of $1.5m and spending of $1.9m, spending 129% of what it took in. Across the 4 years on record, from March 2020 to March 2023, income grew from $1.4m to $1.5m (+11%), an average of +3.4% a year. The sharpest change came in the year to March 2022, when income rose by 42%. Over the whole period it spent 114% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Shires Memorial Center sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include Peoples Self-Help Housing Inc ($1.5m), Harford Senior Housing Inc ($1.5m) and Youth Crisis Center Inc ($1.5m).

On its Form 990 for the period ending March 2023, revenue came from program service revenue 96% of the total. Other salaries and wages came to $225k. At year end it held assets of $14.7m against liabilities of $397k, net assets of $14.3m. It reported 4 employees.

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.