Shai Fund 
The information on this page was last updated 1/29/2026. If you see errors or omissions, please email: [email protected]
Summary
Supporting those affected by war, conflict, disaster, persecution, and exploitation by partnering with local communities to provide urgent aid, practical support and humanitarian assistance.
Contact information
Mailing address:
Shai Fund
P.O.Box 330858
Murfreesboro, TN 37133-0858
Website: theshaifund.org
Phone: (615) 669-7002
Email: [email protected]
Organization details
EIN: 471683585
CEO/President: Charmaine Hedding
Chairman: Charmaine Hedding
Board size: 4
Founder:
Ruling year: 2014
Tax deductible: Yes
Fiscal year end: 12/31
Member of ECFA: No
Member of ECFA since:
Purpose
To build flourishing societies through the promotion of freedom of religion and belief, cultivating democratic governance, social cohesion, and human dignity for all.
Mission statement
Supporting those affected by war, conflict, disaster, persecution, and exploitation by partnering with local communities to provide urgent aid, practical support and humanitarian assistance.
Statement of faith
Donor confidence score
Show donor confidence score details
To understand our donor confidence score, click here.
Transparency grade
C
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Relief and Development
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 1383 of 1435 | 108 of 114 |
| Fund acquisition rating | | 1243 of 1435 | 98 of 114 |
| Resource allocation rating | | 1339 of 1435 | 107 of 114 |
| Asset utilization rating | | 1096 of 1436 | 77 of 114 |
To understand our financial efficiency ratings, click here.
Financial ratios
| Funding ratios | Sector median | 2024 | 2023 | 2022 | 2021 | 2020 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 6% | 13% | 6% | 2% | 2% | 3% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 5% | 13% | 6% | 2% | 2% | 3% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 98% | 97% | 100% | 100% | 100% | 100% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 5% | 14% | 5% | 3% | 3% | 3% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 2% | 3% | 0% | 0% | 0% | 0% |
| Operating ratios | Sector median | 2024 | 2023 | 2022 | 2021 | 2020 |
Program expense ratio Program expense ratio = Program services / Total expenses | 86% | 67% | 91% | 90% | 95% | 89% |
Spending ratio Spending ratio = Total expenses / Total revenue | 99% | 90% | 117% | 75% | 66% | 105% |
Program output ratio Program output ratio = Program services / Total revenue | 84% | 60% | 107% | 68% | 63% | 93% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 1% | 10% | -17% | 25% | 34% | -5% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 4% | 7% | -20% | 32% | 61% | -3% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 7% | 19% | 4% | 7% | 2% | 8% |
| Investing ratios | Sector median | 2024 | 2023 | 2022 | 2021 | 2020 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 1.59 | 0.59 | 1.34 | 0.91 | 0.88 | 0.72 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.16 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 2.06 | 0.59 | 1.34 | 0.91 | 0.88 | 0.72 |
| Liquidity ratios | Sector median | 2024 | 2023 | 2022 | 2021 | 2020 |
Current ratio Current ratio = Total current assets / Total current liabilities | 12.39 | 26.84 | 49.60 | 20.82 | 3.74 | 61.92 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.06 | 0.04 | 0.02 | 0.05 | 0.27 | 0.02 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 4.90 | 19.50 | 8.75 | 12.54 | 10.00 | 16.40 |
| Solvency ratios | Sector median | 2024 | 2023 | 2022 | 2021 | 2020 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 7% | 4% | 2% | 5% | 27% | 2% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 0% | 0% | 0% | 0% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 53% | 163% | 73% | 105% | 83% | 137% |
Financials
| Balance sheet | |||||
| Assets | 2024 | 2023 | 2022 | 2021 | 2020 |
| Cash | $2,599,207 | $2,379,883 | $2,949,532 | $2,611,784 | $751,848 |
| Receivables, inventories, prepaids | $0 | $0 | $0 | $0 | $5,244 |
| Short-term investments | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $2,599,207 | $2,379,883 | $2,949,532 | $2,611,784 | $757,092 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $1,981 | $776 | $81 | $568 | $1,054 |
| Other long-term assets | $0 | $0 | $0 | $0 | $0 |
| Total long-term assets | $1,981 | $776 | $81 | $568 | $1,054 |
| Total assets | $2,601,188 | $2,380,659 | $2,949,613 | $2,612,352 | $758,146 |
| Liabilities | 2024 | 2023 | 2022 | 2021 | 2020 |
| Payables and accrued expenses | $48,302 | $47,983 | $141,651 | $699,142 | $12,227 |
| Other current liabilities | $48,545 | $0 | $0 | $0 | $0 |
| Total current liabilities | $96,847 | $47,983 | $141,651 | $699,142 | $12,227 |
| Debt | $0 | $0 | $0 | $0 | $0 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $452 | $0 | $0 | $0 | $0 |
| Total long-term liabilities | $452 | $0 | $0 | $0 | $0 |
| Total liabilities | $97,299 | $47,983 | $141,651 | $699,142 | $12,227 |
| Net assets | 2024 | 2023 | 2022 | 2021 | 2020 |
| Without donor restrictions | $1,878,171 | $2,154,971 | $1,508,675 | $1,471,566 | $745,919 |
| With donor restrictions | $625,718 | $177,705 | $1,299,287 | $441,644 | $0 |
| Net assets | $2,503,889 | $2,332,676 | $2,807,962 | $1,913,210 | $745,919 |
| Revenues and expenses | |||||
| Revenue | 2024 | 2023 | 2022 | 2021 | 2020 |
| Total contributions | $1,652,806 | $2,712,185 | $3,578,277 | $3,462,257 | $521,138 |
| Program service revenue | $0 | $0 | $0 | $0 | $0 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $58,221 | $8,819 | $2,520 | $38 | $86 |
| Other revenue | $0 | $0 | $0 | $0 | $0 |
| Total other revenue | $58,221 | $8,819 | $2,520 | $38 | $86 |
| Total revenue | $1,711,027 | $2,721,004 | $3,580,797 | $3,462,295 | $521,224 |
| Expenses | 2024 | 2023 | 2022 | 2021 | 2020 |
| Program services | $1,024,196 | $2,915,428 | $2,422,047 | $2,187,617 | $483,696 |
| Management and general | $293,522 | $120,029 | $183,795 | $35,505 | $43,775 |
| Fundraising | $222,096 | $160,833 | $80,203 | $71,882 | $17,667 |
| Total expenses | $1,539,814 | $3,196,290 | $2,686,045 | $2,295,004 | $545,138 |
| Change in net assets | 2024 | 2023 | 2022 | 2021 | 2020 |
| Surplus (deficit) | $171,213 | ($475,286) | $894,752 | $1,167,291 | ($23,914) |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $171,213 | ($475,286) | $894,752 | $1,167,291 | ($23,914) |
Compensation
| Name | Title | Compensation |
| Charmaine Hedding | President, E | $181,583 |
| Daryl Hedding | Treasurer | $113,625 |
Compensation data as of: 12/31/2024
Response from ministry
No response has been provided by this ministry.
The information below was provided to MinistryWatch by the ministry itself. It was last updated 1/29/2026. To update the information below, please email: [email protected]
History
Program accomplishments
Since 2014, Shai Fund has directly assisted over 600,000 people with practical and immediate assistance and created job opportunities and sustainable futures for thousands.