Shangri-La Corporation

Analysis

Shangri-La Corporation is a registered charity in United States, based in Salem, OR. It received its IRS tax-exemption ruling in August 1996, 30 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 June 2023, Shangri-La Corporation reported income of $28.4m and spending of $22.6m, leaving 21% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $23.8m to $28.4m (+19%), an average of +4.5% a year. The sharpest change came in the year to June 2021, when income rose by 15%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Shangri-La Corporation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within OR. Charities of a similar size with the same main cause include Holy Family Institute ($28.4m), Mid-Step Services Inc ($28.4m) and Community Action Partnership of Lancaster County Inc ($28.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 4.8% of the total. Compensation of current officers, directors and key employees was $345k (1.5% of expenses). Other salaries and wages came to $14.6m. At year end it held assets of $28.3m against liabilities of $3.5m, net assets of $24.7m. It reported 421 employees.