Shaikh & Family Foundation Inc

Analysis

Shaikh & Family Foundation Inc is a registered charity in United States, based in Oviedo, FL. It received its IRS tax-exemption ruling in October 2017, 9 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Shaikh & Family Foundation Inc reported income of $167k and spending of $188k, spending 113% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $144k to $167k (+16%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Shaikh & Family Foundation Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 53rd percentile within FL. Charities of a similar size with the same main cause include Alpa Foundation ($167k), South Mississippi AIDS Task Force Incorporated ($167k) and Pancott Parents Association ($167k).

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 $78k against liabilities of $0, net assets of $78k.