Share VIII Inc

Analysis

Share VIII Inc is a registered charity in United States, based in Medford, NY. It received its IRS tax-exemption ruling in March 2001, 25 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, Share VIII Inc reported income of $95k and spending of $159k, spending 167% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $105k to $95k (-9.6%), an average of -2.5% a year. The sharpest change came in the year to December 2023, when income dropped by 26%. Over the whole period it spent 131% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Share VIII Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 35th percentile within NY. Charities of a similar size with the same main cause include Burke Place Apartments ($95k), Lssco Marion Place III Inc ($95k) and Hickernell Homes Inc ($95k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 41% of the total. At year end it held assets of $1.0m against liabilities of $70k, net assets of $967k.

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.