Shelter Health Services Incorporated
Shelter Health Services faces declining revenue and operating deficits despite efficient, unpaid leadership.
EIN: 203041985 · Charlotte, NC · NTEE: E32 · Updated: 2026-03-28
Is Shelter Health Services Incorporated Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Shelter Health Services Incorporated directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Shelter Health Services Incorporated
Shelter Health Services Incorporated (EIN: 203041985) is a nonprofit organization based in Charlotte, NC, classified under NTEE code E32. The organization reported total revenue of $457K and total assets of $107K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Shelter Health Services Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Shelter Health Services Incorporated is a small nonprofit that has been operating for 20 years, with 11 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -0.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $458K |
| Total Expenses | $526K |
| Surplus / Deficit | $-68,314 |
| Total Assets | $151K |
| Total Liabilities | $4K |
| Net Assets | $148K |
| Operating Margin | -14.9% |
| Debt-to-Asset Ratio | 2.5% |
| Months of Reserves | 3.5 months |
Financial Health Grade: B
In 2024, Shelter Health Services Incorporated reported a deficit of $68K with expenses exceeding revenue, holds 3.5 months of operating reserves (adequate), has a debt-to-asset ratio of 2.5% (very low leverage).
Financial Trends
Over 11 years of filings (2012–2024), Shelter Health Services Incorporated's revenue has declined at a compound annual growth rate (CAGR) of -0.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -14.8% | -6.7% | -31.4% |
| 2023 | -16.3% | -20.3% | -10.7% |
| 2022 | +4.5% | +23.2% | -20.7% |
| 2021 | -3.6% | -4.8% | +14.7% |
| 2020 | +13.3% | +1.4% | +14.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Shelter Health Services Incorporated with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Shelter Health Services Incorporated allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $68K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.5%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly efficient for an organization of its size with latest revenue of $457,669.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Shelter Health Services Incorporated's IRS 990 filings:
- Consistent operating deficits in recent years (e.g., $68,314 deficit in 202406)
- Declining revenue trend from $750,283 in 201806 to $457,669 in 202406
- Significant decrease in assets from $311,403 in 202106 to $151,382 in 202406
Strengths
The following positive indicators were identified for Shelter Health Services Incorporated:
- Zero reported officer compensation, indicating high efficiency and dedication to mission
- Low liabilities across all reported periods (e.g., $3,799 in 202406)
- Strong program focus implied by NTEE code and likely spending allocation
- Long filing history (11 filings) demonstrates sustained operation
Frequently Asked Questions about Shelter Health Services Incorporated
Is Shelter Health Services Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Shelter Health Services Incorporated (EIN: 203041985) some concerns. Mission Score: 75/100. 3 red flags identified, 4 strengths noted.
How does Shelter Health Services Incorporated spend its money?
Shelter Health Services Incorporated directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Shelter Health Services Incorporated tax-deductible?
Shelter Health Services Incorporated is registered as a tax-exempt nonprofit (EIN: 203041985). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Shelter Health Services Incorporated financially stable given recent operating deficits?
The organization has experienced operating deficits in the last three reported periods (202406, 202306, 202206), with expenses exceeding revenue. This trend has led to a decrease in assets from $311,403 in 202106 to $151,382 in 202406, indicating a need for improved financial planning to ensure long-term stability.
How does the absence of officer compensation impact the organization?
The absence of officer compensation across all filings suggests a highly efficient operational model, likely relying on volunteer leadership or very low administrative overhead, allowing more funds to be directed towards program services.
What is the trend in the organization's revenue?
Shelter Health Services Incorporated has seen a decline in revenue from a peak of $750,283 in 201806 to $457,669 in 202406, representing a significant decrease over this period.
Are the organization's liabilities a concern?
No, the organization's liabilities are consistently low, such as $3,799 in 202406, which indicates responsible debt management and a healthy balance sheet in this regard.
Filing History
IRS 990 filing history for Shelter Health Services Incorporated showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2012–2024), Shelter Health Services Incorporated's revenue has declined by 9.1%, moving from $504K to $458K. Total assets decreased by 40.6% over the same period, from $255K to $151K. Total functional expenses rose by 33.3%, from $394K to $526K. In its most recent filing year (2024), Shelter Health Services Incorporated reported a deficit of $68K, with expenses exceeding revenue. The organization holds $4K in liabilities against $151K in assets (debt-to-asset ratio: 2.5%), resulting in net assets of $148K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $458K | $526K | $151K | $4K | — | — |
| 2023 | $537K | $564K | $221K | $5K | — | View 990 |
| 2022 | $642K | $707K | $247K | $5K | — | View 990 |
| 2021 | $615K | $574K | $311K | $4K | — | View 990 |
| 2020 | $637K | $603K | $272K | $5K | — | View 990 |
| 2019 | $562K | $595K | $237K | $5K | — | View 990 |
| 2018 | $750K | $770K | $269K | $4K | — | View 990 |
| 2017 | $717K | $765K | $287K | $3K | — | View 990 |
| 2014 | $461K | $415K | $264K | $3K | — | View 990 |
| 2013 | $375K | $412K | $216K | $1K | — | View 990 |
| 2012 | $504K | $394K | $255K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $458K, expenses of $526K, and assets of $151K (revenue -14.8% year-over-year).
- 2023: Revenue of $537K, expenses of $564K, and assets of $221K (revenue -16.3% year-over-year).
- 2022: Revenue of $642K, expenses of $707K, and assets of $247K (revenue +4.5% year-over-year).
- 2021: Revenue of $615K, expenses of $574K, and assets of $311K (revenue -3.6% year-over-year).
- 2020: Revenue of $637K, expenses of $603K, and assets of $272K (revenue +13.3% year-over-year).
- 2019: Revenue of $562K, expenses of $595K, and assets of $237K (revenue -25.0% year-over-year).
- 2018: Revenue of $750K, expenses of $770K, and assets of $269K (revenue +4.6% year-over-year).
- 2017: Revenue of $717K, expenses of $765K, and assets of $287K (revenue +55.7% year-over-year).
- 2014: Revenue of $461K, expenses of $415K, and assets of $264K (revenue +22.9% year-over-year).
- 2013: Revenue of $375K, expenses of $412K, and assets of $216K (revenue -25.6% year-over-year).
- 2012: Revenue of $504K, expenses of $394K, and assets of $255K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Shelter Health Services Incorporated:
Data Sources and Methodology
This transparency report for Shelter Health Services Incorporated is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.