Shunem Foundation

Analysis

Shunem Foundation is a registered charity in United States, based in Fort Mill, SC. It received its IRS tax-exemption ruling in October 2010, 16 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2023, Shunem Foundation reported income of $68k and spending of $13k, leaving 81% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income fell from $76k to $68k (-10%), an average of -3.5% a year. Over the whole period it spent 18% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Shunem Foundation sits at the 15th percentile: it is larger than about 15% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 33rd percentile within SC. Charities of a similar size with the same main cause include Maine Association of Public Housing Directors ($68k), Rural Community Improvement Corporation Inc ($68k) and Eastview Community Partnership Inc ($68k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $985k against liabilities of $6,000, net assets of $979k.