Shelter Partnership Inc

Analysis

Shelter Partnership Inc is a registered charity in United States, based in Los Angeles, 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Shelter Partnership Inc reported income of $18.6m and spending of $19.4m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $14.9m to $18.6m (+25%), an average of +5.7% a year. The sharpest change came in the year to June 2020, when income rose by 85%. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Shelter Partnership Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Hamilton Families ($18.5m), South Oakland Shelter ($18.6m) and Cincinnati Development Fund Inc ($18.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 2.0% of the total. Compensation of current officers, directors and key employees was $222k (1.1% of expenses). Other salaries and wages came to $763k. At year end it held assets of $23.8m against liabilities of $360k, net assets of $23.5m. It reported 14 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.