Shield Foundation Inc

Analysis

Shield Foundation Inc is a registered charity in United States, based in South Bend, IN. It received its IRS tax-exemption ruling in February 2023, 3 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, Shield Foundation Inc reported income of $934k and spending of $784k, spending 84% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $435k to $934k (+114%), an average of +114% a year. The sharpest change came in the year to December 2023, when income rose by 114%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Shield Foundation Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within IN. Charities of a similar size with the same main cause include Living with Hope ($934k), L Arche Portland ($934k) and Renewal Food Bank ($934k).

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 $300k (38% of expenses). Other salaries and wages came to $131k. At year end it held assets of $175k against liabilities of $25k, net assets of $150k. It reported 3 employees.