Shields Housing Corporation

Analysis

Shields Housing Corporation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in July 1995, 31 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 December 2023, Shields Housing Corporation reported income of $1.0m and spending of $1.0m, spending 99% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $7.5m to $1.0m (-86%), an average of -33% a year. The sharpest change came in the year to December 2019, when income dropped by 86%. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Shields Housing Corporation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include Tcoa Elderly Housing Inc ($1.0m), Serenity Suites Senior Living at Wabasso ($1.0m) and Kingdom Worldwide Humanitarian Aid and Community Development ($1.0m).

At year end it held assets of $5.8m against liabilities of $6.1m, net assets of -$246k.