Shared Interest Inc

Analysis

Shared Interest Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 1995, 31 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Shared Interest Inc reported income of $1.2m and spending of $1.3m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.6m to $1.2m (-27%), an average of -7.6% a year. The sharpest change came in the year to December 2022, when income dropped by 18%. Over the whole period it spent 107% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Shared Interest Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include Elie Wiesel Foundation for Humanity Inc ($1.2m), Questscope Ltd ($1.2m) and Women of Pader Uganda ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $185k (14% of expenses). Other salaries and wages came to $250k. At year end it held assets of $12.8m against liabilities of $10.8m, net assets of $2.0m. It reported 5 employees.