Shared Power Network Inc

Analysis

Shared Power Network Inc is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Shared Power Network Inc reported income of $126k and spending of $83k, leaving 34% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $100k to $126k (+26%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 69% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Shared Power Network Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 43rd percentile within OH. Charities of a similar size with the same main cause include B & L Woodwaste Custodial Trust ($126k), One Larchmont Inc ($126k) and Bruns Auri Inc ($125k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $182k against liabilities of $0, net assets of $182k.