Silver Shield Foundation Inc

Analysis

Silver Shield Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 1982, 44 years ago. 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 December 2023, Silver Shield Foundation Inc reported income of $650k and spending of $645k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $625k to $650k (+4.0%), an average of +1.0% a year. The sharpest change came in the year to December 2021, when income rose by 99%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Silver Shield Foundation Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include Generation Music & Arts Academy ($650k), Hilltop Nursery School Inc ($650k) and Sporting Arkansas Inc ($650k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 106% of the total. Compensation of current officers, directors and key employees was $120k (19% of expenses). Other salaries and wages came to $92k. At year end it held assets of $5.3m against liabilities of $38k, net assets of $5.3m. It reported 2 employees.