Sharon Baptist Headstart

Analysis

Sharon Baptist Headstart is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in January 1992, 34 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2022, Sharon Baptist Headstart reported income of $7.0m and spending of $7.2m, spending 102% of its income. Across the 4 years on record, from June 2019 to June 2022, income grew from $7.0m to $7.0m (+0.7%), an average of +0.2% a year. The sharpest change came in the year to June 2021, when income rose by 17%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sharon Baptist Headstart sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Clayton State University Foundation Inc ($7.0m), Renaissance Learning Center Inc ($7.0m) and Palm Valley School ($7.0m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 93% of the total. Other salaries and wages came to $3.2m. At year end it held assets of $3.9m against liabilities of $110k, net assets of $3.8m. It reported 85 employees.

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.