Shaker Schools Foundation

Analysis

Shaker Schools Foundation is a registered charity in United States, based in Shaker HTS, OH. It received its IRS tax-exemption ruling in March 1982, 44 years ago. 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 2023, Shaker Schools Foundation reported income of $1.1m and spending of $700k, leaving 37% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $835k to $1.1m (+34%), an average of +7.5% a year. The sharpest change came in the year to June 2021, when income rose by 66%. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Shaker Schools Foundation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within OH. Charities of a similar size with the same main cause include New Hope Crisis Center of Box Elder County ($1.1m), North East Medical Services Foundation ($1.1m) and New Mexico Endowment for the Humanities ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 51% of the total. Other salaries and wages came to $165k. At year end it held assets of $5.4m against liabilities of $17k, net assets of $5.4m. It reported 2 employees.