Shane McConkey Foundation

Analysis

Shane McConkey Foundation is a registered charity in United States, based in Olympic Vly, CA. It received its IRS tax-exemption ruling in November 2012, 14 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Shane McConkey Foundation reported income of $217k and spending of $237k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $123k to $217k (+76%), an average of +15% a year. The sharpest change came in the year to December 2020, when income rose by 66%. Over the whole period it spent 57% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Shane McConkey Foundation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 58th percentile within CA. Charities of a similar size with the same main cause include Lucky Cat Assistance Fund Inc ($217k), Medical Center Volunteers Inc ($217k) and Ssfcu Charitable Foundation Inc ($216k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $35k (15% of expenses). At year end it held assets of $620k against liabilities of $25k, net assets of $595k. It reported 1 employees.