In Shifras Arms Inc

Analysis

In Shifras Arms Inc is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in June 2010, 16 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, In Shifras Arms Inc reported income of $499k and spending of $547k, spending 109% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $193k to $499k (+159%), an average of +37% a year. The sharpest change came in the year to December 2023, when income rose by 58%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, In Shifras Arms Inc 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 70th percentile, and in the 69th percentile within MD. Charities of a similar size with the same main cause include Age Well Arrowhead Inc ($499k), Dream Center of Hampton Roads ($500k) and Flywheel Foundation ($499k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $40k (7.2% of expenses). Other salaries and wages came to $16k. It paid $19k in professional fundraising fees. At year end it held assets of $235k against liabilities of $52k, net assets of $184k. It reported 2 employees.