Harold B and Elizabeth L Shattuck Memorial Fund

Analysis

Harold B and Elizabeth L Shattuck Memorial Fund is a registered charity in United States, based in Marblehead, MA. It received its IRS tax-exemption ruling in October 1998, 28 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2024, Harold B and Elizabeth L Shattuck Memorial Fund reported income of $507k and spending of $287k, leaving 43% of income unspent that year. Across the 5 years on record, from April 2020 to April 2024, income grew from $331k to $507k (+53%), an average of +11% a year. The sharpest change came in the year to April 2021, when income rose by 118%. Over the whole period it spent 40% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Harold B and Elizabeth L Shattuck Memorial Fund sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within MA. Charities of a similar size with the same main cause include Gathering Humanity Inc ($506k), Artworks Foundation ($507k) and National Christian Charitable Foundation Inc ($506k).

Compensation of current officers, directors and key employees was $25k (8.8% of expenses). At year end it held assets of $6.3m against liabilities of $0, net assets of $6.3m.