Shares Nation Inc

Analysis

Shares Nation Inc is a registered charity in United States, based in Flemington, NJ. It received its IRS tax-exemption ruling in September 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Shares Nation Inc reported income of $6.0m and spending of $5.8m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $6.0m (+335%), an average of +44% a year. The sharpest change came in the year to December 2022, when income rose by 167%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Shares Nation Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NJ. Charities of a similar size with the same main cause include Partnerships for People Inc ($6.0m), Prevention 305 Inc ($6.0m) and United Methodist Childrens Home ($6.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $577k (9.9% of expenses). Other salaries and wages came to $759k. At year end it held assets of $6.1m against liabilities of $4.5m, net assets of $1.6m. It reported 26 employees.