Shared Mobility Inc

Analysis

Shared Mobility Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Mobility Inc reported income of $2.1m and spending of $1.9m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.8m to $2.1m (-23%), an average of -6.3% a year. The sharpest change came in the year to December 2023, when income rose by 89%. Over the whole period it spent 60% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Shared Mobility Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include Branches-Domestic Violence Shelter of Huntington Wva Inc ($2.1m), Greer Relief & Resources Agency ($2.1m) and Park City Tots ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 23% of the total. Other salaries and wages came to $745k. At year end it held assets of $3.3m against liabilities of $155k, net assets of $3.2m. It reported 24 employees.