Sheetz Family Charities Inc

Analysis

Sheetz Family Charities Inc is a registered charity in United States, based in Altoona, PA. It received its IRS tax-exemption ruling in April 1999, 27 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 December 2023, Sheetz Family Charities Inc reported income of $4.2m and spending of $3.9m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.7m to $4.2m (+13%), an average of +3.0% a year. The sharpest change came in the year to December 2021, when income rose by 20%. Over the whole period it spent 115% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sheetz Family Charities Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within PA. Charities of a similar size with the same main cause include Ny Community Fridge Corp ($4.2m), Young Mens Christian Association of Saginaw ($4.2m) and Frida Kahlo Community Organization ($4.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Other salaries and wages came to $89k. At year end it held assets of $11.1m against liabilities of $2.5m, net assets of $8.6m. It reported 1 employees.