Sheppard and Enoch Pratt Foundation Inc

Analysis

Sheppard and Enoch Pratt Foundation Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in May 1985, 41 years ago. 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, Sheppard and Enoch Pratt Foundation Inc reported income of $1.5m and spending of $43k, leaving 97% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $126k to $1.5m (+1079%), an average of +85% a year. The sharpest change came in the year to June 2020, when income rose by 7550%. Over the whole period it spent 1.2% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sheppard and Enoch Pratt Foundation Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MD. Charities of a similar size with the same main cause include Korean Community Senior Housing Corp of Maryland ($1.5m), Philadelphia Youth Choral Ensembles ($1.5m) and United Way of Bay County Inc ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 103% of the total. At year end it held assets of $29.3m against liabilities of $5.6m, net assets of $23.7m.