Shell Foundation
Bethesda, MD 20816 · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $45,331,982 | $22,671,900 | $672,153,783 |
| FY2023 | $28,162,316 | $25,388,079 | $644,135,806 |
| FY2022 | $40,738,868 | $29,685,496 | $598,138,880 |
| FY2021 | $58,431,899 | $28,874,400 | $675,076,882 |
| FY2020 | $52,661,980 | $43,676,445 | $628,219,870 |
| FY2019 | $58,554,090 | $46,331,537 | $586,507,511 |
| FY2018 | $35,540,785 | $29,269,642 | $511,314,335 |
| FY2017 | $47,280,123 | $38,229,536 | $552,031,012 |
| FY2016 | $45,462,493 | $34,529,613 | $487,133,190 |
| FY2015 | $27,285,226 | $18,991,949 | $467,069,347 |
| FY2014 | $47,351,432 | $35,075,322 | $484,072,371 |
| FY2013 | $27,645,426 | $40,168,292 | $477,679,124 |
| FY2012 | $24,202,985 | $24,426,031 | $448,026,266 |
| FY2011 | $22,492,551 | $22,687,912 | $405,264,951 |
Form 990 filings
The returns filed by Shell Foundation (EIN 98-0368454), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $26,147,360 | 58% |
| Program service revenue | $0 | 0% |
| Other revenue | $19,184,622 | 42% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $13,479,504 | 59% |
| Management & general | $9,192,396 | 41% |
| Fundraising | $0 | 0% |
What the numbers show
- Contributions & grants made up 58% of total revenue in FY2024.
- Program services accounted for 59% of functional expenses, management & general 41%, and fundraising 0%.
- 59% of functional expenses went to program services in FY2024.
- Net assets covered about 355.8 months of expenses at the end of the reporting year.
- Total revenue rose from $22,492,551 in FY2011 to $45,331,982 in FY2024. Revenue increased in 8 and decreased in 5 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 3 of 14 reported years (FY2011, FY2012, FY2013).
- The highest revenue on record here is $58,554,090 in FY2019.
- Net assets grew from $405,264,951 to $672,153,783 between FY2011 and FY2024.
- Contributions and grants made up 34% of revenue in FY2011 and 58% in FY2024.
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
SHELL FOUNDATION IS A UK REGISTERED CHARITY THAT ENABLES MILLIONS OF UNDERSERVED PEOPLE TO EARN A LIVING INCOME WITH CLEAN ENERGY ACCESS IN AFRICA AND ASIA. IT FOCUSES ON THREE CORE CUSTOMER GROUPS: SMALLHOLDER FARMERS, URBAN TRANSPORTERS AND MICROENTREPRENEURS.
IRS status
| Ruling year | 2004 |
| Subsection | 501(c)(4) |
Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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