Shira Association Inc
Shira Association consistently operates at break-even with no reported officer compensation and minimal net assets.
EIN: 113355182 · Brooklyn, NY · NTEE: O50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $7.9M |
| Total Expenses | $8.2M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $8 |
| Net Assets | $1 |
| Transparency Score | 70/100 |
Is Shira Association Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Shira Association Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Shira Association Inc
Shira Association Inc (EIN: 113355182) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code O50. The organization reported total revenue of $7.9M and total assets of $562K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Shira Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Shira Association Inc is a mid-size nonprofit that has been operating for 29 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $8.2M |
| Total Expenses | $8.2M |
| Surplus / Deficit | +$0 |
| Total Assets | $39K |
| Total Liabilities | $39K |
| Net Assets | $1 |
| Operating Margin | 0.0% |
| Debt-to-Asset Ratio | 100.0% |
| Months of Reserves | 0.1 months |
Financial Health Grade: C
In 2023, Shira Association Inc reported a surplus of $0 with revenue exceeding expenses, holds 0.1 months of operating reserves (limited), has a debt-to-asset ratio of 100.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Shira Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.4% | -1.4% | -83.2% |
| 2022 | -0.8% | -0.8% | -14.4% |
| 2021 | +7.0% | +7.0% | +410.6% |
| 2020 | +11.1% | +11.1% | -12.2% |
| 2019 | -1.1% | -1.1% | -4.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1997 |
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 Shira Association Inc with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Shira Association Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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 $0, with revenue exceeding expenses.
- Debt-to-asset ratio: 100.0%.
Executive Compensation Analysis
No officer compensation has been reported across all 13 filings, including the latest period (202312), which is highly unusual for an organization with annual revenues exceeding $8 million. This suggests either a fully volunteer-led executive team or that executive compensation is covered by an external entity, which could impact transparency.
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.
Red Flags
The following concerns were identified during AI analysis of Shira Association Inc's IRS 990 filings:
- Consistent zero-net-income reporting, indicating no reserves built
- No reported officer compensation for a multi-million dollar organization
- Extremely low net assets relative to annual revenue (e.g., $39,331 assets vs. $8.18M revenue in 2023)
- Assets barely exceeding liabilities, suggesting tight financial margins
Strengths
The following positive indicators were identified for Shira Association Inc:
- Consistent ability to meet all expenses with revenue
- No reported officer compensation, potentially indicating high efficiency or volunteer leadership
- Stable revenue stream over multiple years, consistently above $6.6M since 2014
Frequently Asked Questions about Shira Association Inc
Is Shira Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Shira Association Inc (EIN: 113355182) some concerns. Mission Score: 70/100. 4 red flags identified, 3 strengths noted.
How does Shira Association Inc spend its money?
Shira Association Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Shira Association Inc tax-deductible?
Shira Association Inc is registered as a tax-exempt nonprofit (EIN: 113355182). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Shira Association Inc CEO make?
Shira Association Inc's highest-compensated officer earns $8 annually. The organization reported $7.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Shira Association Inc's spending goes to programs?
Shira Association Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Shira Association Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Shira Association Inc is above average for NTEE category O50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Shira Association Inc located?
Shira Association Inc is headquartered in Brooklyn, New York and files with the IRS under EIN 113355182. It is classified under NTEE code O50.
How many years of IRS 990 filings does Shira Association Inc have?
Shira Association 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 $7.9M in total revenue.
How does Shira Association Inc. manage to operate with virtually no net assets?
The consistent 'break-even' financial reporting, where expenses equal revenue, suggests a model where funds are spent as they are received, leaving minimal reserves. This could indicate a direct pass-through of funds for specific programs or a reliance on immediate funding for operations.
Who covers the executive leadership costs if no officer compensation is reported?
The absence of reported officer compensation across all filings for an organization with multi-million dollar revenues is a significant anomaly. It could mean executives are volunteers, compensated by a related entity, or that compensation is structured in a way not reported as 'officer compensation' on the 990.
What are the specific program activities funded by Shira Association Inc.?
The NTEE code O50 indicates a religious organization, but without detailed program service expense breakdowns in the provided data, it's difficult to ascertain the specific activities or beneficiaries of their substantial annual spending.
Is the organization financially stable given its low asset base and high liabilities?
The organization consistently reports assets barely exceeding liabilities (e.g., $39,331 assets vs. $39,330 liabilities in 2023), indicating a very thin financial margin. While they consistently meet expenses with revenue, this structure offers little buffer for unexpected costs or economic downturns.
What is the source of the organization's revenue?
The provided data only states 'Revenue' without specifying sources (e.g., donations, grants, program service fees). Understanding the revenue mix would provide insight into funding stability and donor reliance.
Filing History
IRS 990 filing history for Shira Association Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Shira Association Inc's revenue has grown by 46.2%, moving from $5.6M to $8.2M. Total assets decreased by 68.4% over the same period, from $124K to $39K. Total functional expenses rose by 46.2%, from $5.6M to $8.2M. In its most recent filing year (2023), Shira Association Inc reported a surplus of $0, with revenue exceeding expenses. The organization holds $39K in liabilities against $39K in assets (debt-to-asset ratio: 100.0%), resulting in net assets of $1.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $8.2M | $8.2M | $39K | $39K | — | View 990 |
| 2022 | $8.3M | $8.3M | $234K | $234K | — | — |
| 2021 | $8.4M | $8.4M | $274K | $274K | — | View 990 |
| 2020 | $7.8M | $7.8M | $54K | $54K | — | View 990 |
| 2019 | $7.0M | $7.0M | $61K | $61K | — | View 990 |
| 2018 | $7.1M | $7.1M | $64K | $64K | — | View 990 |
| 2017 | $6.8M | $6.8M | $61K | $61K | — | View 990 |
| 2016 | $6.6M | $6.6M | $63K | $63K | — | View 990 |
| 2015 | $6.7M | $6.7M | $57K | $57K | — | View 990 |
| 2014 | $6.6M | $6.6M | $62K | $62K | — | View 990 |
| 2013 | $7.4M | $7.4M | $117K | $117K | — | View 990 |
| 2012 | $7.0M | $7.0M | $105K | $105K | — | View 990 |
| 2011 | $5.6M | $5.6M | $124K | $124K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $8.2M, expenses of $8.2M, and assets of $39K (revenue -1.4% year-over-year).
- 2022: Revenue of $8.3M, expenses of $8.3M, and assets of $234K (revenue -0.8% year-over-year).
- 2021: Revenue of $8.4M, expenses of $8.4M, and assets of $274K (revenue +7.0% year-over-year).
- 2020: Revenue of $7.8M, expenses of $7.8M, and assets of $54K (revenue +11.1% year-over-year).
- 2019: Revenue of $7.0M, expenses of $7.0M, and assets of $61K (revenue -1.1% year-over-year).
- 2018: Revenue of $7.1M, expenses of $7.1M, and assets of $64K (revenue +4.1% year-over-year).
- 2017: Revenue of $6.8M, expenses of $6.8M, and assets of $61K (revenue +3.4% year-over-year).
- 2016: Revenue of $6.6M, expenses of $6.6M, and assets of $63K (revenue -0.5% year-over-year).
- 2015: Revenue of $6.7M, expenses of $6.7M, and assets of $57K (revenue +0.8% year-over-year).
- 2014: Revenue of $6.6M, expenses of $6.6M, and assets of $62K (revenue -11.1% year-over-year).
- 2013: Revenue of $7.4M, expenses of $7.4M, and assets of $117K (revenue +6.0% year-over-year).
- 2012: Revenue of $7.0M, expenses of $7.0M, and assets of $105K (revenue +25.3% year-over-year).
- 2011: Revenue of $5.6M, expenses of $5.6M, and assets of $124K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Shira Association Inc:
Data Sources and Methodology
This transparency report for Shira Association 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.