Shine Global Inc

Analysis

Shine Global Inc is a registered charity in United States, based in Pelham, NY. It received its IRS tax-exemption ruling in November 2005, 21 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, Shine Global Inc reported income of $795k and spending of $878k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $343k to $795k (+132%), an average of +23% a year. The sharpest change came in the year to December 2020, when income rose by 100%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Shine Global Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include Fishers Area Swimming Tigers Inc ($795k), Children of Promise International ($795k) and St Louis PDC I ($795k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 3.8% of the total. Compensation of current officers, directors and key employees was $130k (15% of expenses). Other salaries and wages came to $87k. At year end it held assets of $416k against liabilities of $153k, net assets of $263k. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.