Shina Inc

Analysis

Shina Inc is a registered charity in United States, based in Lanham, MD. It received its IRS tax-exemption ruling in January 2006, 20 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 December 2023, Shina Inc reported income of $281k and spending of $274k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $397k to $281k (-29%), an average of -8.3% a year. The sharpest change came in the year to December 2023, when income rose by 72%. Over the whole period it spent 110% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Shina Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within MD. Charities of a similar size with the same main cause include New Beginnings - Big Country ($281k), Pieces Peaces ($281k) and Lacey Food Bank Inc ($281k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $90k against liabilities of $159k, net assets of -$69k.