Share Ministries Inc

Analysis

Share Ministries Inc is a registered charity in United States, based in Sherman, TX. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Ministries Inc reported income of $104k and spending of $221k, spending 212% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $167k to $104k (-38%), an average of -38% a year. The sharpest change came in the year to December 2023, when income dropped by 38%. Over the whole period it spent 118% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Share Ministries Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 41st percentile within TX. Charities of a similar size with the same main cause include Chasing Justice Together Foundation ($104k), Johnson Service Corps ($104k) and Missionary Daughters of the Eternal Father ($104k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $9,000 (4.1% of expenses). At year end it held assets of $572k against liabilities of $0, net assets of $572k.