Shapeshifter Plus Inc

Analysis

Shapeshifter Plus Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in November 2017, 9 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 2023, Shapeshifter Plus Inc reported income of $151k and spending of $252k, spending 167% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $196k to $151k (-23%), an average of -23% a year. The sharpest change came in the year to December 2023, when income dropped by 23%. Over the whole period it spent 117% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Shapeshifter Plus Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 46th percentile within NY. Charities of a similar size with the same main cause include Sioux City Museum & Historical Association ($151k), Sweet Grass Artists Alliance ($151k) and Center for Documentary Expression and Art ($151k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 81% of the total. At year end it held assets of $12k against liabilities of $55k, net assets of -$43k.