Shiviti Inc

Analysis

Shiviti Inc is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in March 2022, 4 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 (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, Shiviti Inc reported income of $88k and spending of $137k, spending 155% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $268k to $88k (-67%), an average of -67% a year. The sharpest change came in the year to December 2023, when income dropped by 67%. Over the whole period it spent 104% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Shiviti Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 35th percentile within MD. Charities of a similar size with the same main cause include Brian S McCarthy Memorial Foundation ($88k), Forever Philanthropies Inc ($88k) and Jewish Foundation for Group Homesendowment Inc ($88k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $3,511 against liabilities of $0, net assets of $3,511.