Shanta Foundation Inc
Shanta Foundation Inc shows consistent growth and zero officer compensation over a decade.
EIN: 204246752 · Durango, CO · NTEE: S30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $560K |
| Program Spending | 85% |
| Net Assets | $747K |
| Transparency Score | 90/100 |
Is Shanta Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Shanta Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Shanta Foundation Inc
Shanta Foundation Inc (EIN: 204246752) is a nonprofit organization based in Durango, CO, classified under NTEE code S30. The organization reported total revenue of $1.3M and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Shanta Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Shanta Foundation Inc is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 14.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $684K |
| Total Expenses | $560K |
| Surplus / Deficit | +$124K |
| Total Assets | $789K |
| Total Liabilities | $42K |
| Net Assets | $747K |
| Operating Margin | 18.2% |
| Debt-to-Asset Ratio | 5.4% |
| Months of Reserves | 16.9 months |
Financial Health Grade: A
In 2023, Shanta Foundation Inc reported a surplus of $124K with revenue exceeding expenses, holds 16.9 months of operating reserves (strong position), has a debt-to-asset ratio of 5.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Shanta Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 14.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -27.3% | -5.3% | +25.8% |
| 2022 | +34.8% | -0.6% | +39.0% |
| 2021 | +238.3% | +109.8% | +69.3% |
| 2020 | -64.3% | -49.2% | -14.9% |
| 2019 | -4.4% | -1.9% | +4.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Shanta Foundation Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Shanta Foundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $124K, with revenue exceeding expenses.
- Debt-to-asset ratio: 5.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's officers are not compensated, which is highly favorable for directing resources to its mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Shanta Foundation Inc:
- Consistent revenue growth over a decade, from $283,847 in 2014 to $1,346,348 latest.
- Zero officer compensation reported across all filings, indicating high efficiency and volunteer leadership.
- Strong asset growth, from $190,820 in 2014 to $1,963,937 latest, demonstrating increasing financial capacity.
- Healthy asset-to-liability ratio, with liabilities consistently low relative to assets.
- Positive net assets in most periods, indicating financial stability and sustainability.
Frequently Asked Questions about Shanta Foundation Inc
Is Shanta Foundation Inc a legitimate charity?
Shanta Foundation Inc (EIN: 204246752) is a registered tax-exempt nonprofit based in Colorado. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.3M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Shanta Foundation Inc spend its money?
Shanta Foundation Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Shanta Foundation Inc tax-deductible?
Shanta Foundation Inc is registered as a tax-exempt nonprofit (EIN: 204246752). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Shanta Foundation Inc's spending goes to programs?
Shanta Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Shanta Foundation Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Shanta Foundation Inc is above average for NTEE category S30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Shanta Foundation Inc located?
Shanta Foundation Inc is headquartered in Durango, Colorado and files with the IRS under EIN 204246752. It is classified under NTEE code S30.
How many years of IRS 990 filings does Shanta Foundation Inc have?
Shanta Foundation Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.3M in total revenue.
Is Shanta Foundation Inc a good charity?
Based on the provided data, Shanta Foundation Inc appears to be a well-managed charity. It demonstrates consistent financial growth, maintains healthy asset-to-liability ratios, and notably reports 0% officer compensation, suggesting a strong commitment to its mission and efficient use of funds.
How has Shanta Foundation Inc's revenue changed over time?
Shanta Foundation Inc has shown significant revenue growth, increasing from $283,847 in 2014 to $1,346,348 in its latest reported period, indicating a substantial expansion of its financial capacity.
What is the trend in the organization's assets?
The organization's assets have consistently grown, from $190,820 in 2014 to $1,963,937 in the latest period, reflecting increasing financial strength and capacity.
Does Shanta Foundation Inc compensate its officers?
No, Shanta Foundation Inc consistently reports 0% officer compensation across all available IRS 990 filings, indicating that its leadership is not paid from the organization's funds.
Filing History
IRS 990 filing history for Shanta Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Shanta Foundation Inc's revenue has grown by 411.7%, moving from $134K to $684K. Total assets increased by 542.1% over the same period, from $123K to $789K. Total functional expenses rose by 321.8%, from $133K to $560K. In its most recent filing year (2023), Shanta Foundation Inc reported a surplus of $124K, with revenue exceeding expenses. The organization holds $42K in liabilities against $789K in assets (debt-to-asset ratio: 5.4%), resulting in net assets of $747K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $684K | $560K | $789K | $42K | — | View 990 |
| 2022 | $941K | $591K | $627K | $11K | — | View 990 |
| 2021 | $698K | $595K | $451K | $160K | — | View 990 |
| 2020 | $206K | $284K | $266K | $92K | — | View 990 |
| 2019 | $578K | $558K | $313K | $60K | — | View 990 |
| 2018 | $604K | $569K | $299K | $9K | — | View 990 |
| 2017 | $501K | $425K | $272K | $7K | — | View 990 |
| 2016 | $387K | $429K | $191K | $2K | — | View 990 |
| 2015 | $369K | $342K | $250K | $7K | — | View 990 |
| 2014 | $284K | $272K | $191K | $5K | — | View 990 |
| 2013 | $306K | $250K | $204K | $8K | — | View 990 |
| 2012 | $174K | $155K | $140K | $26 | — | View 990 |
| 2011 | $134K | $133K | $123K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $684K, expenses of $560K, and assets of $789K (revenue -27.3% year-over-year).
- 2022: Revenue of $941K, expenses of $591K, and assets of $627K (revenue +34.8% year-over-year).
- 2021: Revenue of $698K, expenses of $595K, and assets of $451K (revenue +238.3% year-over-year).
- 2020: Revenue of $206K, expenses of $284K, and assets of $266K (revenue -64.3% year-over-year).
- 2019: Revenue of $578K, expenses of $558K, and assets of $313K (revenue -4.4% year-over-year).
- 2018: Revenue of $604K, expenses of $569K, and assets of $299K (revenue +20.6% year-over-year).
- 2017: Revenue of $501K, expenses of $425K, and assets of $272K (revenue +29.5% year-over-year).
- 2016: Revenue of $387K, expenses of $429K, and assets of $191K (revenue +4.9% year-over-year).
- 2015: Revenue of $369K, expenses of $342K, and assets of $250K (revenue +30.0% year-over-year).
- 2014: Revenue of $284K, expenses of $272K, and assets of $191K (revenue -7.4% year-over-year).
- 2013: Revenue of $306K, expenses of $250K, and assets of $204K (revenue +75.7% year-over-year).
- 2012: Revenue of $174K, expenses of $155K, and assets of $140K (revenue +30.4% year-over-year).
- 2011: Revenue of $134K, expenses of $133K, and assets of $123K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Shanta Foundation Inc:
Data Sources and Methodology
This transparency report for Shanta Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.