Shannon Foundation

Analysis

Shannon Foundation is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in February 1995, 31 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 December 2023, Shannon Foundation reported income of $129k and spending of $91k, leaving 30% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $116k to $129k (+11%), an average of +11% a year. Over the whole period it spent 68% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Shannon Foundation sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 40th percentile within CO. Charities of a similar size with the same main cause include Hanover Home Care ($129k), European Child Care Day Care Center Inc ($129k) and Cookie Brigade ($129k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $142k against liabilities of $0, net assets of $142k.