Share Winter Foundation

Analysis

Share Winter Foundation is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in May 2012, 14 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 Winter Foundation reported income of $4.2m and spending of $4.8m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $4.2m (+170%), an average of +28% a year. The sharpest change came in the year to December 2020, when income rose by 190%. Over the whole period it spent 87% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Share Winter Foundation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within RI. Charities of a similar size with the same main cause include Club Soccer Inc ($4.2m), South Texas Youth Soccer Association ($4.2m) and Fort Bend County Fair Association ($4.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $208k (4.4% of expenses). Other salaries and wages came to $136k. It paid $31k in professional fundraising fees. At year end it held assets of $3.0m against liabilities of $19k, net assets of $3.0m. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.