Shunem Foundation
EIN: 300499380 · Fort Mill, SC · NTEE: L40
| Metric | Value |
|---|---|
| Total Revenue | $68K |
| Total Expenses | $13K |
| Net Assets | $979K |
Is Shunem Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Shunem Foundation
Shunem Foundation (EIN: 300499380) is a nonprofit organization based in Fort Mill, SC, classified under NTEE code L40. The organization reported total revenue of $68K and total assets of $985K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Shunem Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Shunem Foundation is a micro nonprofit that has been operating for 16 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 5.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $68K |
| Total Expenses | $13K |
| Surplus / Deficit | +$55K |
| Total Assets | $985K |
| Total Liabilities | $6K |
| Net Assets | $979K |
| Operating Margin | 81.1% |
| Debt-to-Asset Ratio | 0.6% |
| Months of Reserves | 917.4 months |
Financial Health Grade: A
In 2023, Shunem Foundation reported a surplus of $55K with revenue exceeding expenses, holds 917.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.6% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Shunem Foundation's revenue has grown at a compound annual growth rate (CAGR) of 5.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.5% | +0.0% | +5.9% |
| 2022 | -6.2% | +0.0% | +6.2% |
| 2021 | -5.6% | +0.0% | +7.2% |
| 2020 | +0.0% | -44.1% | -11.5% |
| 2019 | +5.0% | -0.3% | +3.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Shunem Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Shunem Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $55K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.6%.
Frequently Asked Questions about Shunem Foundation
Is Shunem Foundation a legitimate charity?
Shunem Foundation (EIN: 300499380) is a registered tax-exempt nonprofit based in South Carolina. It has 14 years of IRS 990 filings on record. Total revenue: $68K. No red flags identified. Financial health grade: A.
How does Shunem Foundation spend its money?
Shunem Foundation reported $68K in total revenue in IRS 990 filings. 14 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Shunem Foundation tax-deductible?
Shunem Foundation is registered as a tax-exempt nonprofit (EIN: 300499380). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Shunem Foundation located?
Shunem Foundation is headquartered in Fort Mill, South Carolina and files with the IRS under EIN 300499380. It is classified under NTEE code L40.
How many years of IRS 990 filings does Shunem Foundation have?
Shunem Foundation has 14 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 $68K in total revenue.
Filing History
IRS 990 filing history for Shunem Foundation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Shunem Foundation's revenue has grown by 96.2%, moving from $35K to $68K. Total assets increased by 54.9% over the same period, from $636K to $985K. Total functional expenses fell by 79%, from $61K to $13K. In its most recent filing year (2023), Shunem Foundation reported a surplus of $55K, with revenue exceeding expenses. The organization holds $6K in liabilities against $985K in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $979K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $68K | $13K | $985K | $6K | — | View 990 |
| 2022 | $67K | $13K | $930K | $6K | — | View 990 |
| 2021 | $71K | $13K | $876K | $6K | — | — |
| 2020 | $76K | $13K | $817K | $6K | — | View 990 |
| 2019 | $76K | $23K | $924K | $175K | — | View 990 |
| 2018 | $72K | $23K | $896K | $200K | — | View 990 |
| 2017 | $72K | $28K | $871K | $224K | — | View 990 |
| 2016 | $62K | $27K | $898K | $295K | — | View 990 |
| 2015 | $55K | $40K | $913K | $346K | — | View 990 |
| 2014 | $87K | $54K | $918K | $365K | — | View 990 |
| 2013 | $-17,829 | $22K | $1.1M | $597K | — | View 990 |
| 2012 | $101K | $46K | $593K | $0 | — | View 990 |
| 2011 | $26K | $45K | $617K | $79K | — | View 990 |
| 2010 | $35K | $61K | $636K | $79K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $68K, expenses of $13K, and assets of $985K (revenue +1.5% year-over-year).
- 2022: Revenue of $67K, expenses of $13K, and assets of $930K (revenue -6.2% year-over-year).
- 2021: Revenue of $71K, expenses of $13K, and assets of $876K (revenue -5.6% year-over-year).
- 2020: Revenue of $76K, expenses of $13K, and assets of $817K (revenue +0.0% year-over-year).
- 2019: Revenue of $76K, expenses of $23K, and assets of $924K (revenue +5.0% year-over-year).
- 2018: Revenue of $72K, expenses of $23K, and assets of $896K (revenue +0.0% year-over-year).
- 2017: Revenue of $72K, expenses of $28K, and assets of $871K (revenue +16.5% year-over-year).
- 2016: Revenue of $62K, expenses of $27K, and assets of $898K (revenue +12.7% year-over-year).
- 2015: Revenue of $55K, expenses of $40K, and assets of $913K (revenue -37.0% year-over-year).
- 2014: Revenue of $87K, expenses of $54K, and assets of $918K.
- 2013: Revenue of $-17,829, expenses of $22K, and assets of $1.1M (revenue -117.7% year-over-year).
- 2012: Revenue of $101K, expenses of $46K, and assets of $593K (revenue +291.0% year-over-year).
- 2011: Revenue of $26K, expenses of $45K, and assets of $617K (revenue -25.7% year-over-year).
- 2010: Revenue of $35K, expenses of $61K, and assets of $636K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Shunem Foundation:
Data Sources and Methodology
This transparency report for Shunem Foundation 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.