Staples Share Fund Inc

Analysis

Staples Share Fund Inc is a registered charity in United States, based in Framingham, MA. It received its IRS tax-exemption ruling in July 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 January 2024, Staples Share Fund Inc reported income of $287k and spending of $252k, spending 88% of its income. Across the 5 years on record, from January 2020 to January 2024, income fell from $723k to $287k (-60%), an average of -21% a year. The sharpest change came in the year to January 2021, when income dropped by 37%. Over the whole period it spent 141% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Staples Share Fund Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within MA. Charities of a similar size with the same main cause include International Black Womens Public Institute Inc ($287k), WFG Foundation Inc ($287k) and Hillsboro Community Unit School District 3 Educational Foundation ($287k).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 86% of the total. At year end it held assets of $575k against liabilities of $16k, net assets of $559k.