Shelter Of Light Inc
Shelter Of Light Inc shows inconsistent financial performance with recurring deficits and fluctuating asset levels.
EIN: 201446242 · Omaha, NE · NTEE: X192 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $114K |
| Total Expenses | $495K |
| Program Spending | 70% |
| CEO/Top Officer Pay | $300,000. |
| Net Assets | $-20,991 |
| Transparency Score | 55/100 |
Is Shelter Of Light Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Shelter Of Light Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Shelter Of Light Inc
Shelter Of Light Inc (EIN: 201446242) is a nonprofit organization based in Omaha, NE, classified under NTEE code X192. The organization reported total revenue of $114K and total assets of $1K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Shelter Of Light Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Shelter Of Light Inc is a small nonprofit that has been operating for 22 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 1.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $354K |
| Total Expenses | $495K |
| Surplus / Deficit | $-140,432 |
| Total Assets | $6K |
| Total Liabilities | $27K |
| Net Assets | $-20,991 |
| Operating Margin | -39.6% |
| Debt-to-Asset Ratio | 424.7% |
| Months of Reserves | 0.2 months |
Financial Health Grade: D
In 2023, Shelter Of Light Inc reported a deficit of $140K with expenses exceeding revenue, holds 0.2 months of operating reserves (limited), has a debt-to-asset ratio of 424.7% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), Shelter Of Light Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -26.2% | +43.5% | -96.0% |
| 2022 | +80.9% | +12.3% | +147.7% |
| 2021 | -29.8% | -13.2% | -40.8% |
| 2020 | +20.7% | +15.3% | +41.0% |
| 2019 | -9.9% | -13.2% | +5.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Of Light Inc with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Shelter Of Light Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $140K, with expenses exceeding revenue.
- Debt-to-asset ratio: 424.7%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, suggesting a volunteer-led organization or extremely low executive salaries, which is positive for resource allocation but could also indicate challenges in attracting professional leadership for an organization with annual revenues often exceeding $300,000.
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 Of Light Inc's IRS 990 filings:
- Significant and recurring operating deficits (e.g., $140,432 in 2023, $41,320 in 2021).
- Extremely low assets ($1,124) in the latest period, indicating potential financial instability.
- High volatility in revenue and asset levels year-over-year, making financial planning difficult.
- Liabilities sometimes exceeding assets (e.g., 2023, 2021, 2020, 2019, 2018, 2017, 2014), suggesting potential solvency issues.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, limiting transparency on spending efficiency.
Strengths
The following positive indicators were identified for Shelter Of Light Inc:
- Consistent reporting of 0% officer compensation, indicating a potential commitment to minimizing administrative overhead at the executive level.
- History of significant revenue generation, often exceeding $300,000 annually, demonstrating fundraising capacity.
- Long filing history (14 filings), suggesting sustained operation over time.
Frequently Asked Questions about Shelter Of Light Inc
Is Shelter Of Light Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Shelter Of Light Inc (EIN: 201446242) some concerns. Mission Score: 55/100. 5 red flags identified, 3 strengths noted.
How does Shelter Of Light Inc spend its money?
Shelter Of Light Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Shelter Of Light Inc tax-deductible?
Shelter Of Light Inc is registered as a tax-exempt nonprofit (EIN: 201446242). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Shelter Of Light Inc CEO make?
Shelter Of Light Inc's highest-compensated officer earns $300,000. annually. The organization reported $114K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Shelter Of Light Inc's spending goes to programs?
Shelter Of Light Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Shelter Of Light Inc compare to similar nonprofits?
With a transparency score of 55/100 (Fair), Shelter Of Light Inc is near average for NTEE category X192 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Shelter Of Light Inc located?
Shelter Of Light Inc is headquartered in Omaha, Nebraska and files with the IRS under EIN 201446242. It is classified under NTEE code X192.
How many years of IRS 990 filings does Shelter Of Light Inc have?
Shelter Of Light Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $114K in total revenue.
Why are assets so low in the latest reported period ($1,124) compared to previous years (e.g., $163,056 in 2022)?
The drastic drop in assets from $163,056 in 2022 to $1,124 in the latest period (202312) is a significant concern and warrants further investigation into the organization's financial management and asset utilization.
How does Shelter Of Light Inc manage recurring deficits, such as the $140,432 deficit in 2023?
The organization frequently operates with expenses exceeding revenue (e.g., $494,702 expenses vs. $354,270 revenue in 2023), indicating a reliance on prior year surpluses or other funding mechanisms to cover operational costs, which is not sustainable long-term.
What is the detailed breakdown of program, administrative, and fundraising expenses?
Without a detailed breakdown of expenses, it is challenging to fully assess the organization's spending efficiency and how much of its budget directly supports its mission. The provided data only shows total expenses.
What is the long-term strategy for financial stability given the fluctuating revenues and assets?
The organization's financial history shows significant volatility in revenue and assets, suggesting a need for a clearer strategy to build reserves and ensure consistent funding for its operations.
How does the organization sustain operations with 0% reported officer compensation?
The consistent reporting of 0% officer compensation implies a heavy reliance on volunteer leadership or very low-paid executives, which can be efficient but also raises questions about the capacity and professionalization of management for an organization of this size.
Filing History
IRS 990 filing history for Shelter Of Light Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Shelter Of Light Inc's revenue has grown by 25.1%, moving from $283K to $354K. Total assets decreased by 94.6% over the same period, from $120K to $6K. Total functional expenses rose by 92.8%, from $257K to $495K. In its most recent filing year (2023), Shelter Of Light Inc reported a deficit of $140K, with expenses exceeding revenue. The organization holds $27K in liabilities against $6K in assets (debt-to-asset ratio: 424.7%), resulting in net assets of $-20,991.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $354K | $495K | $6K | $27K | — | — |
| 2022 | $480K | $345K | $163K | $44K | — | — |
| 2021 | $266K | $307K | $66K | $82K | — | View 990 |
| 2020 | $378K | $353K | $111K | $86K | — | View 990 |
| 2019 | $313K | $307K | $79K | $79K | — | View 990 |
| 2018 | $348K | $353K | $74K | $81K | — | View 990 |
| 2017 | $344K | $386K | $83K | $85K | — | View 990 |
| 2016 | $426K | $455K | $125K | $85K | — | View 990 |
| 2015 | $474K | $398K | $148K | $78K | — | View 990 |
| 2014 | $455K | $509K | $61K | $68K | — | View 990 |
| 2013 | $423K | $410K | $117K | $70K | — | View 990 |
| 2012 | $331K | $301K | $103K | $70K | — | View 990 |
| 2011 | $294K | $344K | $69K | $65K | — | View 990 |
| 2010 | $283K | $257K | $120K | $66K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $354K, expenses of $495K, and assets of $6K (revenue -26.2% year-over-year).
- 2022: Revenue of $480K, expenses of $345K, and assets of $163K (revenue +80.9% year-over-year).
- 2021: Revenue of $266K, expenses of $307K, and assets of $66K (revenue -29.8% year-over-year).
- 2020: Revenue of $378K, expenses of $353K, and assets of $111K (revenue +20.7% year-over-year).
- 2019: Revenue of $313K, expenses of $307K, and assets of $79K (revenue -9.9% year-over-year).
- 2018: Revenue of $348K, expenses of $353K, and assets of $74K (revenue +1.1% year-over-year).
- 2017: Revenue of $344K, expenses of $386K, and assets of $83K (revenue -19.2% year-over-year).
- 2016: Revenue of $426K, expenses of $455K, and assets of $125K (revenue -10.2% year-over-year).
- 2015: Revenue of $474K, expenses of $398K, and assets of $148K (revenue +4.2% year-over-year).
- 2014: Revenue of $455K, expenses of $509K, and assets of $61K (revenue +7.6% year-over-year).
- 2013: Revenue of $423K, expenses of $410K, and assets of $117K (revenue +27.9% year-over-year).
- 2012: Revenue of $331K, expenses of $301K, and assets of $103K (revenue +12.4% year-over-year).
- 2011: Revenue of $294K, expenses of $344K, and assets of $69K (revenue +3.8% year-over-year).
- 2010: Revenue of $283K, expenses of $257K, and assets of $120K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Shelter Of Light Inc:
Data Sources and Methodology
This transparency report for Shelter Of Light Inc 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.