Carol Shields Prize for Fiction of America

Analysis

Carol Shields Prize for Fiction of America is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in November 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 June 2024, Carol Shields Prize for Fiction of America reported income of $115k and spending of $64k, leaving 44% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income grew from $100 to $115k (+115060%), an average of +3294% a year. The sharpest change came in the year to June 2023, when income rose by 248361%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Carol Shields Prize for Fiction of America sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 42nd percentile within IL. Charities of a similar size with the same main cause include Midland Storytelling Festival ($115k), Michael J Owen Music Education Fund ($115k) and Seattle Genre Alliance ($115k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $61k against liabilities of $0, net assets of $61k.