Shore Foundation

Analysis

Shore Foundation is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in February 2018, 8 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2021, Shore Foundation reported income of $687k and spending of $316k, leaving 54% of income unspent that year. Across the 2 years on record, from December 2020 to December 2021, income grew from $219k to $687k (+213%), an average of +213% a year. The sharpest change came in the year to December 2021, when income rose by 213%. Over the whole period it spent 70% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Shore Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include One Hope Tulsa Inc ($687k), Pine Banks Park Foundation ($687k) and Belmont District Management Association Inc ($687k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 85% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $58k (18% of expenses). Other salaries and wages came to $19k. At year end it held assets of $410k against liabilities of $0, net assets of $410k.