SHC Foundation

Analysis

SHC Foundation is a registered charity in United States, based in Alton, IL. It received its IRS tax-exemption ruling in January 2021, 5 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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, SHC Foundation reported income of $137k and spending of $135k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $99k to $137k (+38%), an average of +38% a year. The sharpest change came in the year to December 2023, when income rose by 38%. Over the whole period it spent 102% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, SHC Foundation sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 46th percentile within IL. Charities of a similar size with the same main cause include The Somerset Patriots Childrens Educational and Sportmanship ($137k), Canyon Blooms Petals for Patients ($137k) and Wishes on Wheels Inc ($137k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $10k against liabilities of $0, net assets of $10k.