Shadida Solution

Analysis

Shadida Solution is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in March 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Shadida Solution reported income of $316k and spending of $254k, spending 81% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $190k to $316k (+66%), an average of +66% a year. The sharpest change came in the year to June 2024, when income rose by 66%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Shadida Solution sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 64th percentile within MA. Charities of a similar size with the same main cause include Hospice of the Valley Foundation Inc ($315k), Ringer Center of Excellence ($316k) and Highland Lakes Pregnancy Resource Center ($315k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 61% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $114k (45% of expenses). Other salaries and wages came to $29k. At year end it held assets of $269k against liabilities of $13k, net assets of $256k. It reported 2 employees.