Shoe Discount Corp

Analysis

Shoe Discount Corp is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in February 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Shoe Discount Corp reported income of $76k and spending of $76k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $92k to $76k (-18%), an average of -4.8% a year. The sharpest change came in the year to December 2020, when income rose by 70%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Shoe Discount Corp sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 30th percentile within NY. Charities of a similar size with the same main cause include Kingfisher County Food Bank ($76k), Greenbriar Oceanaire Mens Club ($76k) and Foundation for the Orphanage of the Virgin of Guadalupe ($76k).

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 $14k against liabilities of $3, net assets of $14k.