Shed Inc

Analysis

Shed Inc is a registered charity in United States, based in Wetumpka, AL. It received its IRS tax-exemption ruling in February 2008, 18 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 December 2023, Shed Inc reported income of $165k and spending of $133k, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $116k to $165k (+42%), an average of +9.2% a year. The sharpest change came in the year to December 2022, when income rose by 27%. Over the whole period it spent 87% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Shed Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 50th percentile within AL. Charities of a similar size with the same main cause include Fools Five Inc ($165k), Knoxville Racing Charitable Organization Inc ($165k) and Mission Cancer Foundation ($165k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $24k (18% of expenses). At year end it held assets of $435k against liabilities of $6,795, net assets of $428k. It reported 1 employees.