Shorewood Hugs

Analysis

Shorewood Hugs is a registered charity in United States, based in Shorewood, IL. It received its IRS tax-exemption ruling in February 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Shorewood Hugs reported income of $99k and spending of $68k, leaving 32% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $79k to $99k (+26%), an average of +26% a year. The sharpest change came in the year to June 2024, when income rose by 26%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Shorewood Hugs sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 38th percentile within IL. Charities of a similar size with the same main cause include Greater Purpose Care Fund Oh ($99k), Nepalbaama Foundation ($99k) and Let S Give Rva ($99k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 81% of the total. At year end it held assets of $85k against liabilities of $0, net assets of $85k.