Shelter Service Inc
Shelter Service Inc: Drastic Revenue Drop Raises Concerns Amidst Consistent Losses
EIN: 222672848 · Providence, RI · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $2K |
| Total Expenses | $3K |
| Program Spending | 70% |
| Transparency Score | 60/100 |
Is Shelter Service Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Shelter Service Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Shelter Service Inc
Shelter Service Inc (EIN: 222672848) is a nonprofit organization based in Providence, RI. The organization reported total revenue of $2K and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Shelter Service Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Shelter Service Inc is a micro nonprofit that has been operating for 38 years, with 10 years of IRS 990 filings on record (2011–2020). Revenue has grown at a compound annual rate of -33.1%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $2K |
| Total Expenses | $3K |
| Surplus / Deficit | $-1,573 |
| Total Assets | $0 |
| Net Assets | $0 |
| Operating Margin | -97.4% |
| Months of Reserves | 0.0 months |
Financial Health Grade: C
In 2020, Shelter Service Inc reported a deficit of $2K with expenses exceeding revenue, holds 0.0 months of operating reserves (limited).
Financial Trends
Over 10 years of filings (2011–2020), Shelter Service Inc's revenue has declined at a compound annual growth rate (CAGR) of -33.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -99.4% | -98.0% | -100.0% |
| 2019 | +354.4% | +116.1% | -87.0% |
| 2018 | -21.4% | -8.0% | -20.1% |
| 2017 | +14.9% | -1.1% | -7.4% |
| 2016 | -9.5% | -8.3% | -16.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
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 Service Inc with a Mission Score of 60 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Shelter Service Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation cannot be assessed as no specific compensation figures are available in the provided financial data.
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 Service Inc's IRS 990 filings:
- Revenue plummeted from $262,852 in 2019 to $1,615 in 2020, indicating a potential operational collapse or significant change.
- The organization has reported net losses for every year in the provided data, with expenses consistently higher than revenue.
- Total assets have decreased significantly from $131,968 in 2013 to $0 in 2020, suggesting a depletion of resources.
Strengths
The following positive indicators were identified for Shelter Service Inc:
- Despite consistent losses, the organization has maintained operations for at least eight years, indicating resilience or external support not detailed in the data.
Frequently Asked Questions about Shelter Service Inc
Is Shelter Service Inc a legitimate charity?
Shelter Service Inc (EIN: 222672848) is a registered tax-exempt nonprofit based in Rhode Island. Our AI analysis gives it a Mission Score of 60/100. It has 10 years of IRS 990 filings on record. Total revenue: $2K. 3 red flags identified. 1 strength noted. Financial health grade: C.
How does Shelter Service Inc spend its money?
Shelter Service Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Shelter Service Inc tax-deductible?
Shelter Service Inc is registered as a tax-exempt nonprofit (EIN: 222672848). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Shelter Service Inc's spending goes to programs?
Shelter Service Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Shelter Service Inc located?
Shelter Service Inc is headquartered in Providence, Rhode Island and files with the IRS under EIN 222672848.
How many years of IRS 990 filings does Shelter Service Inc have?
Shelter Service Inc has 10 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 $2K in total revenue.
What does Shelter Service Inc do?
Shelter Service Inc is a nonprofit organization in the Unknown sector, located in Providence, Rhode Island. It is classified under NTEE code Unknown.
How much revenue does Shelter Service Inc have?
Shelter Service Inc reported total revenue of $1,615. Based on 10 IRS 990 filings on record.
What are Shelter Service Inc's total assets?
Shelter Service Inc holds total assets of N/A as reported in IRS 990 filings.
Where is Shelter Service Inc located?
Shelter Service Inc is based in Providence, Rhode Island.
What is Shelter Service Inc's EIN?
Shelter Service Inc's Employer Identification Number (EIN) is 222672848. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Shelter Service Inc?
Shelter Service Inc is classified under NTEE code Unknown (Unknown).
Is Shelter Service Inc a registered 501(c)(3)?
Shelter Service Inc appears in IRS records (EIN: 222672848). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Shelter Service Inc file IRS Form 990?
Yes, Shelter Service Inc has 10 IRS Form 990 filings on record. The most recent covers tax period 202012.
What was Shelter Service Inc's revenue in 2020?
In the 202012 filing period, Shelter Service Inc reported total revenue of $1,615, total expenses of $3,188, and net assets of N/A.
Is Shelter Service Inc's revenue growing or declining?
Shelter Service Inc's revenue is declining. Revenue went from $262,852 (201912) to $1,615 (202012), a -99.4% change. Based on 10 filings on record.
What is Shelter Service Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Shelter Service Inc covers tax period 202012. It shows revenue of $1,615, expenses of $3,188, total assets of N/A, and liabilities of N/A.
How much does Shelter Service Inc spend on programs vs administration?
Based on IRS 990 analysis, Shelter Service Inc allocates approximately 70% of expenses to program services, 20% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is Shelter Service Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Shelter Service Inc shows mixed signals. Mission Score: 60/100 (Good). 3 red flags identified. 1 strength noted.
What are the red flags for Shelter Service Inc?
The following concerns were identified: Revenue plummeted from $262,852 in 2019 to $1,615 in 2020, indicating a potential operational collapse or significant change.. The organization has reported net losses for every year in the provided data, with expenses consistently higher than revenue.. Total assets have decreased significantly from $131,968 in 2013 to $0 in 2020, suggesting a depletion of resources.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Shelter Service Inc's strengths?
Positive indicators for Shelter Service Inc include: Despite consistent losses, the organization has maintained operations for at least eight years, indicating resilience or external support not detailed in the data.. These findings are derived from AI analysis of the organization's financial filings.
How does Shelter Service Inc compensate executives?
Executive compensation cannot be assessed as no specific compensation figures are available in the provided financial data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What caused the precipitous drop in revenue from $262,852 in 2019 to $1,615 in 2020, and how is the organization sustaining operations with such minimal income?
The provided data does not offer an explanation for this drastic revenue decline. Without further information, it's unclear how Shelter Service Inc continues to operate, especially given its history of expenses exceeding revenue.
With assets declining from $131,968 in 2013 to $0 in 2020, what is the current financial stability and long-term viability of Shelter Service Inc?
The complete depletion of reported assets to $0 in 2020, coupled with consistent losses, suggests severe financial instability. The long-term viability of the organization appears highly questionable without significant new funding or a drastic change in financial management.
Filing History
IRS 990 filing history for Shelter Service Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2020), Shelter Service Inc's revenue has declined by 97.3%, moving from $60K to $2K. Total assets decreased by 100% over the same period, from $163K to $0. Total functional expenses fell by 95.9%, from $79K to $3K. In its most recent filing year (2020), Shelter Service Inc reported a deficit of $2K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $2K | $3K | $0 | $0 | — | — |
| 2019 | $263K | $160K | $8K | $0 | — | View 990 |
| 2018 | $58K | $74K | $61K | $156K | — | View 990 |
| 2017 | $74K | $81K | $77K | $155K | — | View 990 |
| 2016 | $64K | $82K | $83K | $154K | — | View 990 |
| 2015 | $71K | $89K | $100K | $153K | — | View 990 |
| 2014 | $68K | $84K | $117K | $153K | — | View 990 |
| 2013 | $68K | $80K | $132K | $152K | — | View 990 |
| 2012 | $58K | $79K | $146K | $153K | — | View 990 |
| 2011 | $60K | $79K | $163K | $150K | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $2K, expenses of $3K, and assets of $0 (revenue -99.4% year-over-year).
- 2019: Revenue of $263K, expenses of $160K, and assets of $8K (revenue +354.4% year-over-year).
- 2018: Revenue of $58K, expenses of $74K, and assets of $61K (revenue -21.4% year-over-year).
- 2017: Revenue of $74K, expenses of $81K, and assets of $77K (revenue +14.9% year-over-year).
- 2016: Revenue of $64K, expenses of $82K, and assets of $83K (revenue -9.5% year-over-year).
- 2015: Revenue of $71K, expenses of $89K, and assets of $100K (revenue +3.6% year-over-year).
- 2014: Revenue of $68K, expenses of $84K, and assets of $117K (revenue +0.0% year-over-year).
- 2013: Revenue of $68K, expenses of $80K, and assets of $132K (revenue +17.5% year-over-year).
- 2012: Revenue of $58K, expenses of $79K, and assets of $146K (revenue -3.7% year-over-year).
- 2011: Revenue of $60K, expenses of $79K, and assets of $163K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Shelter Service Inc:
Data Sources and Methodology
This transparency report for Shelter Service 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.