Shura Inc

Analysis

Shura Inc is a registered charity in United States, based in Woodlawn, MD. It received its IRS tax-exemption ruling in July 1994, 32 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, Shura Inc reported income of $8.6m and spending of $8.7m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.3m to $8.6m (+18%), an average of +4.3% a year. The sharpest change came in the year to June 2021, when income rose by 28%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Shura Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within MD. Charities of a similar size with the same main cause include Ann Arbor YMCA ($8.6m), Newman Foundation at the University of Illinois ($8.6m) and St Josephs Elder Services Inc ($8.6m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $6.0m. At year end it held assets of $5.3m against liabilities of $1.9m, net assets of $3.4m. It reported 156 employees.