Operation Shoestring Inc

Analysis

Operation Shoestring Inc is a registered charity in United States, based in Jackson, MS. It received its IRS tax-exemption ruling in January 1969, 57 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 July 2023, Operation Shoestring Inc reported income of $1.3m and spending of $2.1m, spending 163% of what it took in. Across the 5 years on record, from September 2019 to July 2023, income grew from $1.2m to $1.3m (+14%), an average of +3.3% a year. The sharpest change came in the year to July 2021, when income rose by 128%. 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, Operation Shoestring Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within MS. Charities of a similar size with the same main cause include Battery Park Alumni Association ($1.3m), The Jewish Peoplehood Alliance Inc ($1.3m) and Across Nigeria ($1.3m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 96% and program service revenue 2.3% of the total. Compensation of current officers, directors and key employees was $151k (7.1% of expenses). Other salaries and wages came to $873k. At year end it held assets of $5.8m against liabilities of $69k, net assets of $5.7m. It reported 41 employees.