Shades of Development

Analysis

Shades of Development is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in January 1997, 29 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Shades of Development reported income of $2.3m and spending of $1.9m, spending 83% of its income. Across the 4 years on record, from July 2020 to July 2023, income grew from $1.3m to $2.3m (+80%), an average of +22% a year. The sharpest change came in the year to July 2021, when income rose by 63%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Shades of Development sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within TN. Charities of a similar size with the same main cause include International Council for Refugees and Immigrants Inc ($2.3m), Eleanor Whitmore Early Childhood Center Inc ($2.3m) and Payne County Youth Services Inc ($2.3m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 53% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $88k (4.6% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $1.8m against liabilities of $223k, net assets of $1.5m. It reported 92 employees.