Sharpe Education Inc

Analysis

Sharpe Education Inc is a registered charity in United States, based in Belpre, OH. It received its IRS tax-exemption ruling in January 1995, 31 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Sharpe Education Inc reported income of $566k and spending of $495k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $389k to $566k (+46%), an average of +9.8% a year. The sharpest change came in the year to December 2022, when income rose by 97%. Over the whole period it spent 78% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sharpe Education 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 72nd percentile, and in the 72nd percentile within OH. Charities of a similar size with the same main cause include Japanese American Social Services Inc ($566k), Dream Hunt Foundation Inc ($566k) and Nicks Community ($566k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $48k (9.7% of expenses). Other salaries and wages came to $282k. At year end it held assets of $667k against liabilities of $1,303, net assets of $666k. It reported 18 employees.