Shining Hope for Communities Inc

Analysis

Shining Hope for Communities Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Shining Hope for Communities Inc reported income of $19.2m and spending of $20.8m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.5m to $19.2m (+126%), an average of +23% a year. The sharpest change came in the year to December 2021, when income rose by 135%. Over the whole period it spent 67% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Shining Hope for Communities Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Arizona Agribusiness & Equine Center ($19.2m), Montague Charter Academy for the Arts and Sciences ($19.2m) and Seattle Country Day School ($19.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $496k (2.4% of expenses). Other salaries and wages came to $6.0m. At year end it held assets of $56.1m against liabilities of $15.8m, net assets of $40.2m. It reported 8 employees.