Shaquille Oneal Foundation

Analysis

Shaquille Oneal Foundation is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in December 2019, 7 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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 2023, Shaquille Oneal Foundation reported income of $2.2m and spending of $1.1m, leaving 49% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $500k to $2.2m (+339%), an average of +45% a year. The sharpest change came in the year to December 2021, when income rose by 594%. Over the whole period it spent 30% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Shaquille Oneal Foundation sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within NV. Charities of a similar size with the same main cause include Boy Scouts of America ($2.2m), Boys & Girls Club of the Grand Strand Inc ($2.2m) and Scarlet Covering Inc ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 161% of the total. Compensation of current officers, directors and key employees was $138k (12% of expenses). Other salaries and wages came to $103k. At year end it held assets of $10.6m against liabilities of $237k, net assets of $10.4m. It reported 5 employees.