Project Share Inc

Analysis

Project Share Inc is a registered charity in United States, based in Medford, NY. It received its IRS tax-exemption ruling in November 1990, 36 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Project Share Inc reported income of $149k and spending of $222k, spending 149% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $146k to $149k (+2.5%), an average of +0.6% a year. Over the whole period it spent 134% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Project Share Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within NY. Charities of a similar size with the same main cause include Veterans Trust ($149k), 21st Century Jobskills Project ($149k) and Chip Hilton Classic Foundation ($149k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 29% of the total. At year end it held assets of $487k against liabilities of $1.1m, net assets of -$640k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.