Shaggers Incorporated

Analysis

Shaggers Incorporated is a registered charity in United States, based in Monroe, NC. It received its IRS tax-exemption ruling in April 2015, 11 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Shaggers Incorporated reported income of $122k and spending of $95k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2021 to December 2022, income fell from $124k to $122k (-1.1%), an average of -1.1% a year. Over the whole period it spent 66% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Shaggers Incorporated sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within NC. Charities of a similar size with the same main cause include Ballet for All Kids ($122k), Grace Dee May Inc ($122k) and Doors Open Pittsburgh Inc ($122k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $141k against liabilities of $819, net assets of $140k.