SHRM Foundation Inc

Analysis

SHRM Foundation Inc is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in February 1969, 57 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, SHRM Foundation Inc reported income of $5.9m and spending of $8.6m, spending 147% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.3m to $5.9m (+36%), an average of +8.0% a year. The sharpest change came in the year to December 2020, when income rose by 54%. Over the whole period it spent 81% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, SHRM Foundation Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within VA. Charities of a similar size with the same main cause include Marietta Community Foundation Inc ($5.9m), David and Inez Myers Foundation ($5.9m) and Nicholas Center Ltd ($5.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $428k (5.0% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $28.8m against liabilities of $2.7m, net assets of $26.2m. It reported 15 employees.