Shong Foundation

Analysis

Shong Foundation is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in October 2017, 9 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 December 2023, Shong Foundation reported income of $101k and spending of $84k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $74k to $101k (+35%), an average of +7.9% a year. The sharpest change came in the year to December 2020, when income rose by 40%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Shong Foundation sits at the 33rd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 34th percentile within MN. Charities of a similar size with the same main cause include Northern Essex Elder Transport Inc ($101k), National Matching Program LLC ($101k) and Hope Center of Valparaiso Inc ($101k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $93k against liabilities of $0, net assets of $93k.