Sharing Center Inc

Analysis

Sharing Center Inc is a registered charity in United States, based in Trevor, WI. It received its IRS tax-exemption ruling in April 1985, 41 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 Center Inc reported income of $2.4m and spending of $2.3m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $443k to $2.4m (+449%), an average of +53% a year. The sharpest change came in the year to December 2022, when income rose by 228%. 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 Center Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within WI. Charities of a similar size with the same main cause include Family Link of Union and Essex Counties a Regional Early ($2.4m), Karen Horney Clinic Inc ($2.4m) and CHN Housing Capital ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $83k (3.7% of expenses). Other salaries and wages came to $130k. At year end it held assets of $1.3m against liabilities of $19k, net assets of $1.2m. It reported 7 employees.