Shop Rat Foundation Inc

Analysis

Shop Rat Foundation Inc is a registered charity in United States, based in Pleasant Lake, MI. It received its IRS tax-exemption ruling in January 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Shop Rat Foundation Inc reported income of $299k and spending of $320k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $130k to $299k (+130%), an average of +23% a year. The sharpest change came in the year to December 2021, when income rose by 129%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Shop Rat Foundation Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within MI. Charities of a similar size with the same main cause include McKinley School Foundation of San Diego ($299k), Greenville Butler County Public Library ($299k) and School Connect Wa ($299k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $74k (23% of expenses). Other salaries and wages came to $141k. At year end it held assets of $90k against liabilities of $50k, net assets of $40k. It reported 9 employees.