Silver Beach Shadowland

Analysis

Silver Beach Shadowland is a registered charity in United States, based in Saint Joseph, MI. It received its IRS tax-exemption ruling in April 2009, 17 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2021, Silver Beach Shadowland reported income of $437k and spending of $494k, spending 113% of what it took in. Across the 3 years on record, from December 2019 to December 2021, income fell from $482k to $437k (-9.3%), an average of -4.8% a year. The sharpest change came in the year to December 2021, when income rose by 65%. Over the whole period it spent 123% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Silver Beach Shadowland sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within MI. Charities of a similar size with the same main cause include Inner City Green Team Economic & Environmental Development ($437k), Troyredevelopment Foundation Inc ($437k) and Michigan Israel Business Accelerato ($437k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 8.9% and program service revenue 91% of the total. Other salaries and wages came to $125k. At year end it held assets of $1.4m against liabilities of $236k, net assets of $1.2m. It reported 11 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.