Sharing Hands a Respite Experience Inc

Analysis

Sharing Hands a Respite Experience Inc is a registered charity in United States, based in Midland, TX. It received its IRS tax-exemption ruling in February 2009, 17 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, Sharing Hands a Respite Experience Inc reported income of $968k and spending of $719k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $771k to $968k (+26%), an average of +5.9% a year. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sharing Hands a Respite Experience Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 83rd percentile within TX. Charities of a similar size with the same main cause include Chrysalis a Home for Girls Inc ($968k), Oasis-Commission on Social Ministry of Portsmouth/Chesapeake ($968k) and Elderserve Inc ($968k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 104% of the total. Compensation of current officers, directors and key employees was $85k (12% of expenses). Other salaries and wages came to $271k. At year end it held assets of $2.0m against liabilities of $228k, net assets of $1.8m. It reported 10 employees.