Shared Journeys

Analysis

Shared Journeys is a registered charity in United States, based in Shoreline, WA. It received its IRS tax-exemption ruling in September 2004, 22 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, Shared Journeys reported income of $4.5m and spending of $4.6m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.0m to $4.5m (+52%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 35%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Shared Journeys sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within WA. Charities of a similar size with the same main cause include Muna Social Services Inc ($4.5m), Three Rivers Communities Inc ($4.5m) and New London Homeless Hospitalitycenter Inc ($4.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $100k (2.2% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $2.5m against liabilities of $207k, net assets of $2.3m. It reported 97 employees.