Shoe4africa Inc

Analysis

Shoe4africa Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 2006, 20 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Shoe4africa Inc reported income of $722k and spending of $339k, leaving 53% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $794k to $722k (-9.0%), an average of -2.3% a year. The sharpest change came in the year to June 2023, when income dropped by 38%. Over the whole period it spent 39% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Shoe4africa Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include Eagles Wings Retreat Center Inc ($722k), Missouri USA Wrestling ($722k) and Friends of Sycamore Shoals State Historic Area Inc ($722k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $108k (32% of expenses). At year end it held assets of $3.4m against liabilities of $18k, net assets of $3.4m. It reported 1 employees.