Sharing Connections Inc

Analysis

Sharing Connections Inc is a registered charity in United States, based in Downers Grove, IL. It received its IRS tax-exemption ruling in September 2000, 26 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, Sharing Connections Inc reported income of $6.3m and spending of $6.3m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.9m to $6.3m (+5.9%), an average of +1.5% a year. The sharpest change came in the year to December 2021, when income rose by 48%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sharing Connections 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 93rd percentile within IL. Charities of a similar size with the same main cause include Federation of Southern Cooperatives Land Assistance Fund ($6.3m), YWCA of Greater Portland ($6.3m) and Leveraging Equal Access Programs Inc ($6.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.0% of the total. Compensation of current officers, directors and key employees was $120k (1.9% of expenses). Other salaries and wages came to $176k. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m. It reported 5 employees.