Project Share IV Inc

Analysis

Project Share IV Inc is a registered charity in United States, based in Medford, NY. It received its IRS tax-exemption ruling in August 1996, 30 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 IV Inc reported income of $101k and spending of $152k, spending 151% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $83k to $101k (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2020, when income rose by 18%. Over the whole period it spent 146% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Project Share IV Inc sits at the 23rd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 36th percentile within NY. Charities of a similar size with the same main cause include Northwest Estates 811 ($101k), House of Loving Hands ($101k) and Cedrus ($101k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 40% of the total. At year end it held assets of $595k against liabilities of $110k, net assets of $485k.

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.