Sheows Cares Foundation Inc

Analysis

Sheows Cares Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 2023, 3 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Sheows Cares Foundation Inc reported income of $61k and spending of $15k, leaving 76% of income unspent that year. Over the whole period it spent 24% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Sheows Cares Foundation Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 26th percentile within NY. Charities of a similar size with the same main cause include Warrior Events ($61k), Lake Wateree Homeowners Association of Kershaw County Inc ($61k) and Main Street Wellington Inc ($61k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $47k against liabilities of $0, net assets of $47k.