Shellbourne Inc

Analysis

Shellbourne Inc is a registered charity in United States, based in Valparaiso, IN. It received its IRS tax-exemption ruling in December 1972, 54 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Shellbourne Inc reported income of $1.4m and spending of $1.6m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.5m to $1.4m (-3.0%), an average of -0.8% a year. The sharpest change came in the year to December 2023, when income dropped by 15%. Over the whole period it spent 105% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Shellbourne 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 83rd percentile, and in the 84th percentile within IN. Charities of a similar size with the same main cause include Ocean City Tabernacle Assoc ($1.4m), Al-Misbaah ($1.4m) and Qianxing Ministry Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $28k (1.7% of expenses). Other salaries and wages came to $519k. At year end it held assets of $7.8m against liabilities of $75k, net assets of $7.7m. It reported 59 employees.