Shebuilds Foundation Inc

Analysis

Shebuilds Foundation Inc is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in August 2022, 4 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Shebuilds Foundation Inc reported income of $146k and spending of $145k, spending 99% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $11k to $146k (+1229%), an average of +137% a year. The sharpest change came in the year to December 2023, when income rose by 942%. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Shebuilds Foundation Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 47th percentile within MD. Charities of a similar size with the same main cause include Gladstone Economic Betterment Council ($146k), Center for Economic & Enviromental Partnership Inc ($146k) and Junior League of Riverside ($146k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1,370 against liabilities of $0, net assets of $1,370.