Shuvu Return Inc

Analysis

Shuvu Return Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in January 2013, 13 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 (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, Shuvu Return Inc reported income of $6.8m and spending of $6.2m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $8.9m to $6.8m (-24%), an average of -6.7% a year. The sharpest change came in the year to December 2021, when income rose by 39%. Over the whole period it spent 84% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Shuvu Return 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 91st percentile within NY. Charities of a similar size with the same main cause include Clayton Foundation ($6.7m), The Kings Trust USA Inc ($6.8m) and Town of Palm Beach United Way Inc ($6.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 109% of the total. Other salaries and wages came to $370k. At year end it held assets of $26.9m against liabilities of $7.7m, net assets of $19.2m. It reported 8 employees.