SHC Foundation

Analysis

SHC Foundation is a registered charity in United States, based in Seville, OH. It received its IRS tax-exemption ruling in February 2013, 13 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, SHC Foundation reported income of $3.2m and spending of $171k, leaving 95% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $35k to $3.2m (+9088%), an average of +210% a year. The sharpest change came in the year to December 2023, when income rose by 780%. Over the whole period it spent 10% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, SHC Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within OH. Charities of a similar size with the same main cause include Brown County United Way Inc ($3.2m), Community Foundation San Luis Obispo County ($3.2m) and International Apostolic Missions ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $4.7m against liabilities of $6,720, net assets of $4.7m.