Sharedimpact Foundation Inc

Analysis

Sharedimpact Foundation Inc is a registered charity in United States, based in Hebron, CT. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Sharedimpact Foundation Inc reported income of $217k and spending of $219k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $901k to $217k (-76%), an average of -30% a year. The sharpest change came in the year to December 2021, when income rose by 2207%. Over the whole period it spent 137% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Sharedimpact Foundation Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within CT. Charities of a similar size with the same main cause include Jordan & Kyra Memorial Foundation ($217k), Lake Area Foundation Inc ($217k) and Mecosta-Osceola United Way ($217k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.8% of the total. At year end it held assets of $3.6m against liabilities of $150k, net assets of $3.4m.