Shamrock 555 Foundation

Analysis

Shamrock 555 Foundation is a registered charity in United States, based in Shelby TWP, MI. It received its IRS tax-exemption ruling in December 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 (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, Shamrock 555 Foundation reported income of $155k and spending of $259k, spending 167% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $69k to $155k (+125%), an average of +22% a year. The sharpest change came in the year to December 2020, when income rose by 111%. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Shamrock 555 Foundation sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 48th percentile within MI. Charities of a similar size with the same main cause include Vietnamese-American Arts and Letters Association ($155k), Gandhian Society Inc ($155k) and The Association for Biology Laboratory Education Inc ($155k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 127% of the total. At year end it held assets of $260k against liabilities of $883, net assets of $259k.