Shaniko Music Sanctuary Inc

Analysis

Shaniko Music Sanctuary Inc is a registered charity in United States, based in Shaniko, OR. It received its IRS tax-exemption ruling in November 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 (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, Shaniko Music Sanctuary Inc reported income of $68k and spending of $16k, leaving 77% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $23k to $68k (+202%), an average of +202% a year. The sharpest change came in the year to December 2023, when income rose by 202%. Over the whole period it spent 23% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Shaniko Music Sanctuary Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 26th percentile within OR. Charities of a similar size with the same main cause include Ashland Area Economic Development ($68k), Bike Walk Greenville ($68k) and Lad Vanik Samaj of America ($68k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $70k against liabilities of $0, net assets of $70k.