Shayla Bee Fund Inc

Analysis

Shayla Bee Fund Inc is a registered charity in United States, based in Spencer, IA. It received its IRS tax-exemption ruling in February 2010, 16 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, Shayla Bee Fund Inc reported income of $615k and spending of $264k, leaving 57% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $194k to $615k (+217%), an average of +47% a year. The sharpest change came in the year to December 2021, when income rose by 75%. Over the whole period it spent 46% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Shayla Bee Fund Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within IA. Charities of a similar size with the same main cause include The Pegasus Foundation ($615k), October Saves Goalie Challenge ($615k) and Boon Philanthropy Inc ($614k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% of the total. Compensation of current officers, directors and key employees was $48k (18% of expenses). At year end it held assets of $1.3m against liabilities of $463, net assets of $1.3m. It reported 1 employees.