Sharing Network Foundation Inc

Analysis

Sharing Network Foundation Inc is a registered charity in United States, based in New Providnce, NJ. It received its IRS tax-exemption ruling in June 2006, 20 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sharing Network Foundation Inc reported income of $1.7m and spending of $1.5m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $1.7m (+19%), an average of +4.4% a year. The sharpest change came in the year to December 2023, when income rose by 55%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Sharing Network Foundation Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 87th percentile within NJ. Charities of a similar size with the same main cause include ALS Arizona ($1.7m), Youth Forward ($1.7m) and 211 Brevard Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. It paid $3,944 in professional fundraising fees. At year end it held assets of $1.7m against liabilities of $288k, net assets of $1.4m.