Sharebaby

Analysis

Sharebaby is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in November 2014, 12 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sharebaby reported income of $3.0m and spending of $2.8m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $939k to $3.0m (+219%), an average of +34% a year. The sharpest change came in the year to December 2020, when income rose by 95%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sharebaby sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MD. Charities of a similar size with the same main cause include Kronos Performing Arts Assn ($3.0m), Jewish Childrens Museum ($3.0m) and Hudson Turkish American Cultural Association Inc ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $340k (12% of expenses). At year end it held assets of $2.5m against liabilities of $365k, net assets of $2.1m. It reported 8 employees.