Shine Arts Foundation

Analysis

Shine Arts Foundation is a registered charity in United States, based in Plano, TX. It received its IRS tax-exemption ruling in August 2022, 4 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Shine Arts Foundation reported income of $454k and spending of $417k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $382k to $454k (+19%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Shine Arts Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 73rd percentile within TX. Charities of a similar size with the same main cause include Seenfire Foundation ($454k), Undercurrent Inc ($454k) and Diablo Regional Arts Association ($454k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $84k (20% of expenses). Other salaries and wages came to $109k. At year end it held assets of $53k against liabilities of $7,319, net assets of $45k.