Sharefest Texas Inc

Analysis

Sharefest Texas Inc is a registered charity in United States, based in Grand Prairie, TX. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Sharefest Texas Inc reported income of $447k and spending of $49k, leaving 89% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $200k to $447k (+124%), an average of +124% a year. The sharpest change came in the year to December 2023, when income rose by 124%. Over the whole period it spent 40% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sharefest Texas Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 73rd percentile within TX. Charities of a similar size with the same main cause include Sioux Falls Public Schools Education Foundation ($447k), Mid-Plains Community College Area Facilities Corporation ($447k) and Madison County Partnership for Children & Families Inc ($447k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $444k against liabilities of $12k, net assets of $432k.