Shang Shung Institute of America Inc

Analysis

Shang Shung Institute of America Inc is a registered charity in United States, based in Conway, MA. It received its IRS tax-exemption ruling in November 1997, 29 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Shang Shung Institute of America Inc reported income of $126k and spending of $123k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $141k to $126k (-10%), an average of -2.7% a year. The sharpest change came in the year to December 2020, when income rose by 21%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Shang Shung Institute of America Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 49th percentile within MA. Charities of a similar size with the same main cause include Smith & Wesson Historicalfoundation ($126k), Mare Island Historic Park Foundatio N ($126k) and Extreme History Project ($126k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 36% of the total. Other salaries and wages came to $56k. At year end it held assets of $173k against liabilities of $6,427, net assets of $166k. It reported 4 employees.