Shirleys Way

Analysis

Shirleys Way is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in August 2014, 12 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, Shirleys Way reported income of $4.6m and spending of $2.0m, leaving 57% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $623k to $4.6m (+643%), an average of +65% a year. The sharpest change came in the year to December 2023, when income rose by 430%. Over the whole period it spent 61% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Shirleys Way sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within KY. Charities of a similar size with the same main cause include Washington Lawyers Committee for Civil Rights & Urban Affairs ($4.6m), Community Foundation for Western Iowa ($4.6m) and Goodwill of Colorado Foundation ($4.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% of the total. Compensation of current officers, directors and key employees was $220k (11% of expenses). Other salaries and wages came to $269k. At year end it held assets of $3.3m against liabilities of $152k, net assets of $3.1m. It reported 42 employees.