Shanta Foundation Inc

Analysis

Shanta Foundation Inc is a registered charity in United States, based in Durango, CO. It received its IRS tax-exemption ruling in December 2006, 20 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2023, Shanta Foundation Inc reported income of $684k and spending of $560k, spending 82% of its income. Across the 5 years on record, from December 2019 to June 2023, income grew from $578k to $684k (+18%), an average of +4.3% a year. The sharpest change came in the year to June 2021, when income rose by 238%. Over the whole period it spent 83% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Shanta 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 75th percentile, and in the 73rd percentile within CO. Charities of a similar size with the same main cause include Western Reserve Community Development Corporation ($684k), Building Science Technology and Education Partnerships Inc ($684k) and Accutran Inc ($684k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $106k (19% of expenses). Other salaries and wages came to $87k. It paid $4,140 in professional fundraising fees. At year end it held assets of $789k against liabilities of $42k, net assets of $747k. It reported 4 employees.