Shares Inc

Analysis

Shares Inc is a registered charity in United States, based in Shelbyville, IN. It received its IRS tax-exemption ruling in June 1977, 49 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Shares Inc reported income of $4.5m and spending of $4.9m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.2m to $4.5m (-13%), an average of -3.3% a year. The sharpest change came in the year to June 2020, when income rose by 22%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Shares Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within IN. Charities of a similar size with the same main cause include Ready to Succeed ($4.5m), Nevada Rise Academy Inc ($4.5m) and Trinity Christian Academy Foundation ($4.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.5% and program service revenue 54% of the total. Other salaries and wages came to $3.3m. At year end it held assets of $9.3m against liabilities of $2.5m, net assets of $6.7m. It reported 309 employees.