Mike Shane Memorial Fund Inc

Analysis

Mike Shane Memorial Fund Inc is a registered charity in United States, based in Crownsville, MD. It received its IRS tax-exemption ruling in February 2020, 6 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mike Shane Memorial Fund Inc reported income of $119k and spending of $44k, leaving 63% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $179k to $119k (-34%), an average of -19% a year. The sharpest change came in the year to December 2023, when income rose by 553%. Over the whole period it spent 40% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mike Shane Memorial Fund Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 42nd percentile within MD. Charities of a similar size with the same main cause include Latino Medical Student Association Northeast ($119k), Transplant Recipients International Organization Inc ($119k) and Association of Educators in Imaging and Radiologic Sciences Inc ($119k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 5.6% of the total. At year end it held assets of $222k against liabilities of $0, net assets of $222k.