Shift Education

Analysis

Shift Education is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in July 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Shift Education reported income of $8.2m and spending of $2.9m, leaving 64% of income unspent that year. Across the 5 years on record, from December 2019 to June 2023, income grew from $1.1m to $8.2m (+671%), an average of +67% a year. The sharpest change came in the year to June 2023, when income rose by 1064%. Over the whole period it spent 63% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Shift Education sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NC. Charities of a similar size with the same main cause include Soar Charter School ($8.2m), Hudson Country Montessori School ($8.2m) and Oceanside Collegiate Academy Inc ($8.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 4.0% of the total. Compensation of current officers, directors and key employees was $248k (8.4% of expenses). Other salaries and wages came to $671k. At year end it held assets of $6.8m against liabilities of $705k, net assets of $6.1m. It reported 16 employees.