Shared Enterprise Management Inc

Analysis

Shared Enterprise Management Inc is a registered charity in United States, based in Lafayette, IN. It received its IRS tax-exemption ruling in January 2008, 18 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Shared Enterprise Management Inc reported income of $384k and spending of $518k, spending 135% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $426k to $384k (-10.0%), an average of -2.6% a year. The sharpest change came in the year to December 2020, when income dropped by 21%. Over the whole period it spent 140% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Shared Enterprise Management Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within IN. Charities of a similar size with the same main cause include Lindenpointe Development Corporation ($384k), Niagara Community Center Inc ($384k) and Society for Healthcare Epidemlology America Education & Research Fonda ($383k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $5.0m against liabilities of $16k, net assets of $5.0m.

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.