Sharetix Foundation

Analysis

Sharetix Foundation is a registered charity in United States, based in Farmington, UT. It received its IRS tax-exemption ruling in September 2005, 21 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, Sharetix Foundation reported income of $229k and spending of $229k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $193k to $229k (+18%), an average of +4.3% a year. The sharpest change came in the year to December 2021, when income rose by 67%. Over the whole period it spent 97% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Sharetix Foundation sits at the 61st percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within UT. Charities of a similar size with the same main cause include Society of St Vincent de Paul District Council of the Columbia ($229k), Webster Arts ($229k) and Elizabeth Collins Liver Memorial TR Uw 050295 ($229k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $33k against liabilities of $0, net assets of $33k.