Friends of the Sharehouse Inc

Analysis

Friends of the Sharehouse Inc is a registered charity in United States, based in Ann Arbor, MI. 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, Friends of the Sharehouse Inc reported income of $1.6m and spending of $1.5m, spending 93% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $560k to $1.6m (+181%), an average of +23% a year. The sharpest change came in the year to December 2020, when income rose by 35%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friends of the Sharehouse Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within MI. Charities of a similar size with the same main cause include Imagination Station Child Learning Center ($1.6m), Ditto Upscale Resale ($1.6m) and Idignity Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 99% of the total. Other salaries and wages came to $961k. At year end it held assets of $970k against liabilities of $29k, net assets of $941k. It reported 20 employees.