Shoulder to Shoulder Foundation

Analysis

Shoulder to Shoulder Foundation is a registered charity in United States, based in Hauppauge, NY. It received its IRS tax-exemption ruling in April 2022, 4 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, Shoulder to Shoulder Foundation reported income of $60k and spending of $71k, spending 118% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $47k to $60k (+27%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 164%. Over the whole period it spent 46% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Shoulder to Shoulder Foundation sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 25th percentile within NY. Charities of a similar size with the same main cause include Glitter Cat Barista Inc ($60k), SCT Charities ($60k) and Sadaqa for All Foundation Okc ($60k).

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 $126k against liabilities of $0, net assets of $126k.