Shadowfax Corporation

Analysis

Shadowfax Corporation is a registered charity in United States, based in York, PA. It received its IRS tax-exemption ruling in September 1986, 40 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 June 2023, Shadowfax Corporation reported income of $16.5m and spending of $16.3m, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $17.0m to $16.5m (-3.1%), an average of -1.0% a year. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Shadowfax Corporation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within PA. Charities of a similar size with the same main cause include Sarah a Reed Retirement Center ($16.5m), Thurston County Food Bank ($16.5m) and Nueces County Community Action Agency ($16.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.4% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $248k (1.5% of expenses). Other salaries and wages came to $10.5m. At year end it held assets of $15.7m against liabilities of $1.7m, net assets of $14.0m. It reported 400 employees.