Shora Foundation

Analysis

Shora Foundation is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in May 2008, 18 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Shora Foundation reported income of $310k and spending of $309k, spending 100% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $226k to $310k (+37%), an average of +17% a year. The sharpest change came in the year to December 2022, when income rose by 77%. Over the whole period it spent 101% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Shora Foundation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 63rd percentile within TN. Charities of a similar size with the same main cause include Help Foundation Inc ($310k), Burlington County Farm Fair Association Inc ($310k) and Sevier Co High School Foundation ($310k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 6.1% of the total. Other salaries and wages came to $93k. At year end it held assets of $53k against liabilities of $0, net assets of $53k. It reported 8 employees.