Shorecrest Boosters

Analysis

Shorecrest Boosters is a registered charity in United States, based in Shoreline, WA. It received its IRS tax-exemption ruling in March 2020, 6 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Shorecrest Boosters reported income of $92k and spending of $74k, spending 81% of its income. Across the 3 years on record, from August 2021 to August 2023, income grew from $21k to $92k (+343%), an average of +111% a year. The sharpest change came in the year to August 2023, when income rose by 146%. Over the whole period it spent 95% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Shorecrest Boosters sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 30th percentile within WA. Charities of a similar size with the same main cause include Compassionate Hearts Alliance Corporation ($92k), Victory for Veterans Inc ($92k) and Golden Corridor Chapter-National Charity League ($92k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 43% and program service revenue 11% of the total. At year end it held assets of $27k against liabilities of $0, net assets of $27k.