Shimmering Wings Inc

Analysis

Shimmering Wings Inc is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Shimmering Wings Inc reported income of $116k and spending of $63k, leaving 46% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $55k to $116k (+109%), an average of +28% a year. The sharpest change came in the year to December 2022, when income rose by 149%. Over the whole period it spent 73% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Shimmering Wings Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 37th percentile within CO. Charities of a similar size with the same main cause include Upstream Strategies Inc ($116k), Vida Foundation USA ($116k) and Bergen Court Inc ($116k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $156k against liabilities of $42, net assets of $156k.