Ican Shine Inc

Analysis

Ican Shine Inc is a registered charity in United States, based in Paoli, PA. It received its IRS tax-exemption ruling in May 2008, 18 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 September 2024, Ican Shine Inc reported income of $1.1m and spending of $1.1m, spending 100% of its income. Across the 5 years on record, from September 2020 to September 2024, income grew from $262k to $1.1m (+326%), an average of +44% a year. The sharpest change came in the year to September 2021, when income rose by 162%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ican Shine Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within PA. Charities of a similar size with the same main cause include Chime Foundation Incorporated ($1.1m), Sckic Inc ($1.1m) and Coordinated Assistance Network ($1.1m).

On its Form 990 for the period ending September 2024, revenue came from contributions and grants 11% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $151k (13% of expenses). Other salaries and wages came to $316k. At year end it held assets of $721k against liabilities of $844k, net assets of -$122k. It reported 48 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.