Share Inc

Analysis

Share Inc is a registered charity in United States, based in Ridgewood, NJ. It received its IRS tax-exemption ruling in September 1982, 44 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Share Inc reported income of $772k and spending of $560k, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $500k to $772k (+55%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 71%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Share Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within NJ. Charities of a similar size with the same main cause include Furnish for Good ($772k), Harry and Jeanette Weinberg Gardens at Bedford Inc ($772k) and Lutheran Housing Services Number 2incorporated ($772k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $88k (16% of expenses). Other salaries and wages came to $51k. At year end it held assets of $1.8m against liabilities of $211k, net assets of $1.6m. It reported 4 employees.