Shae Foundation

Analysis

Shae Foundation is a registered charity in United States, based in Apison, TN. It received its IRS tax-exemption ruling in July 2007, 19 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 2024, Shae Foundation reported income of $148k and spending of $268k, spending 182% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $208k to $148k (-29%), an average of -29% a year. The sharpest change came in the year to June 2024, when income dropped by 29%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Shae Foundation sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 47th percentile within TN. Charities of a similar size with the same main cause include Northwest Choir Resources ($148k), Rise Arts Center of Baltimore Inc ($148k) and Open Sky Radio Corporation ($148k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 92% and program service revenue 8.5% of the total. At year end it held assets of $99k against liabilities of $27k, net assets of $72k.