Otto A Shults Foundation
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Declining revenue
Otto A Shults Foundation is a 501(c)(3) organization based in Buffalo, New York, registered in 1964, with $66,253 in FY2024 revenue. CharityIndex grades it C+.
Po Box 1504, Buffalo, NY, 14240 EIN 16-6042842 Since 1964
Revenue (FY2024)
$66K
▲ 121.1% vs prior year
Expenses (FY2024)
$62K
Net assets
$854K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Otto A Shults Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating165 mo reserves · +6% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Otto A Shults Foundation: 165 mo reserves · +6% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Otto A Shults Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Otto A Shults Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $39K (FY2013) to $66K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $854K
Operating margin
6.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$854K
Total liabilities
$0
Net assets
$854K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $66,253▲121% | $62,077▼3.0% | $853,989▲0.4% | $853,989▲0.4% | 990PF |
| 2023 | $29,966▼26.7% | $64,008▼12.9% | $850,762▼3.9% | $850,762▼3.9% | 990PF |
| 2022 | $40,893▼59.4% | $73,507▲6.5% | $885,147▼3.7% | $885,147▼3.7% | 990PF |
| 2021 | $100,721▲279% | $69,036▲5.7% | $918,805▲3.7% | $918,805▲3.7% | 990PF |
| 2020 | $26,578▼7.4% | $65,327▼0.2% | $886,377▼4.2% | $886,377▼4.2% | 990PF |
| 2019 | $28,689▼62.5% | $65,480▼2.2% | $924,986▼3.8% | $924,986▼3.8% | 990PF |
| 2018 | $76,601▲34.6% | $66,936▲5.7% | $961,657▲1.0% | $961,657▲1.0% | 990PF |
| 2017 | $56,914▲916% | $63,308▲18.4% | $952,140▼0.7% | $952,140▼0.7% | 990PF |
| 2016 | -$6,974▼103% | $53,472▼23.6% | $958,535▼5.9% | $958,535▼5.9% | 990PF |
| 2015 | $200,751▲125% | $70,016▲1.6% | $1,018,980▲14.7% | $1,018,980▲14.7% | 990PF |
| 2014 | $89,043▲129% | $68,921▲2.1% | $888,362▲2.3% | $888,362▲2.3% | 990PF |
| 2013 | $38,891 | $67,501▲31.1% | $868,241▼3.1% | $868,241▼3.1% | 990PF |
| 2012 | — | $51,486▼7.4% | $896,137▼0.9% | $896,137▼0.9% | 990PF |
| 2011 | — | $55,614▼19.1% | $904,425▼3.0% | $904,425▼3.0% | 990PF |
| 2010 | — | $68,756 | $932,333 | $932,333 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Otto A Shults Foundation a legitimate nonprofit?
- Yes. Otto A Shults Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 16-6042842, based in Buffalo, New York. Donations are tax-deductible.
- What is Otto A Shults Foundation's EIN?
- Otto A Shults Foundation's Employer Identification Number (EIN) is 16-6042842.
- How much revenue does Otto A Shults Foundation report?
- Otto A Shults Foundation reported $66,253 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Otto A Shults Foundation have?
- CharityIndex grades Otto A Shults Foundation C+, based on financial health (reserves and operating margin).
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Data for Otto A Shults Foundation (EIN 16-6042842) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.