Shen Yun Foundation Inc

Analysis

Shen Yun Foundation Inc is a registered charity in United States, based in Middletown, NY. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Shen Yun Foundation Inc reported income of $1.4m and spending of $520k, leaving 63% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $4.6m to $1.4m (-69%), an average of -26% a year. The sharpest change came in the year to September 2021, when income rose by 215%. Over the whole period it spent 36% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Shen Yun Foundation 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 83rd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include Lion and Lamb Ministries Inc ($1.4m), United Christians International ($1.4m) and American Friends of Neveh Zion ($1.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 72% of the total. Other salaries and wages came to $142k. At year end it held assets of $19.3m against liabilities of $2,805, net assets of $19.3m. It reported 3 employees.