Honey Shine Inc

Analysis

Honey Shine Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in November 2010, 16 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 June 2024, Honey Shine Inc reported income of $382k and spending of $265k, leaving 31% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income fell from $469k to $382k (-18%), an average of -4.0% a year. The sharpest change came in the year to June 2021, when income rose by 112%. Over the whole period it spent 91% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Honey Shine 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 66th percentile, and in the 69th percentile within FL. Charities of a similar size with the same main cause include Akari Foundation ($382k), Mosaic Sa ($382k) and Junior Achievement of Northwestern Ohio ($382k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 70% of the total. Other salaries and wages came to $104k. At year end it held assets of $439k against liabilities of $0, net assets of $439k. It reported 3 employees.