Share Our Spare

Analysis

Share Our Spare is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in July 2012, 14 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, Share Our Spare reported income of $5.8m and spending of $5.8m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $5.8m (+356%), an average of +46% a year. The sharpest change came in the year to December 2020, when income rose by 106%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Share Our Spare sits at the 91st percentile: it is larger than about 91% 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 Residential Management Services Inc ($5.8m), Family and Workforce Centers of America ($5.8m) and Turkish-American Religious Foundation ($5.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $121k (2.1% of expenses). Other salaries and wages came to $329k. At year end it held assets of $1.6m against liabilities of $533k, net assets of $1.1m. It reported 14 employees.