Richard Sheltra Memorial Foundation Inc

Analysis

Richard Sheltra Memorial Foundation Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in November 2016, 10 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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, Richard Sheltra Memorial Foundation Inc reported income of $62k and spending of $44k, leaving 29% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $59k to $62k (+5.5%), an average of +5.5% a year. Over the whole period it spent 62% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Richard Sheltra Memorial Foundation Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 22nd percentile within NC. Charities of a similar size with the same main cause include Friends of Eastport Volunteer Fire Company ($62k), Pine Grove Fire District Association ($62k) and Williamson Fire Company No 1 ($62k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 70% of the total. At year end it held assets of $230k against liabilities of $7,570, net assets of $222k.