Shorewood Foundation Inc

Analysis

Shorewood Foundation Inc is a registered charity in United States, based in Shorewood, WI. It received its IRS tax-exemption ruling in November 1964, 62 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 December 2023, Shorewood Foundation Inc reported income of $338k and spending of $248k, leaving 27% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $143k to $338k (+137%), an average of +19% a year. The sharpest change came in the year to December 2020, when income rose by 3054%. Over the whole period it spent 18% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Shorewood Foundation Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within WI. Charities of a similar size with the same main cause include Sickle Cell Anemia Foundation of Oregon Inc ($338k), Gleason Public Library Endowment FND ($338k) and International Society of Automation ($338k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% of the total. Other salaries and wages came to $19k. At year end it held assets of $5.7m against liabilities of $7,918, net assets of $5.7m.