Shearim Corp

Analysis

Shearim Corp is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in March 2012, 14 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Shearim Corp reported income of $7.3m and spending of $7.4m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $276k to $7.3m (+2562%), an average of +127% a year. The sharpest change came in the year to December 2020, when income rose by 954%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Shearim Corp sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within FL. Charities of a similar size with the same main cause include University of North Carolina Press ($7.3m), Educational Theatre Association ($7.4m) and Edward Orton Jr Ceramic Foundation ($7.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $42k against liabilities of $0, net assets of $42k.