Shalimare Incorporated

Analysis

Shalimare Incorporated is a registered charity in United States, based in Fort Myers, FL. It received its IRS tax-exemption ruling in August 2010, 16 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 April 2023, Shalimare Incorporated reported income of $6.6m and spending of $6.0m, spending 91% of its income. Across the 5 years on record, from April 2019 to April 2023, income grew from $4.5m to $6.6m (+49%), an average of +10% a year. The sharpest change came in the year to April 2023, when income rose by 29%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Shalimare Incorporated sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within FL. Charities of a similar size with the same main cause include Cobys Family Services ($6.6m), Eastern Connecticut Area Agency on Aging Inc ($6.6m) and Penobscot Bay YMCA ($6.6m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 19% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $434k (7.2% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $2.2m against liabilities of $41k, net assets of $2.1m. It reported 116 employees.