Sharing Connexion Inc

Analysis

Sharing Connexion Inc is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in November 2015, 11 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2023, Sharing Connexion Inc reported income of $429k and spending of $476k, spending 111% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $621k to $429k (-31%), an average of -12% a year. The sharpest change came in the year to June 2023, when income rose by 76%. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Sharing Connexion Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 65th percentile within CO. Charities of a similar size with the same main cause include Springfield Gardens Inc ($429k), Ucc Xxii Inc ($430k) and Bethlehem Homes Inc ($429k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% and program service revenue 5.8% of the total. Compensation of current officers, directors and key employees was $26k (5.4% of expenses). Other salaries and wages came to $154k. At year end it held assets of $1.1m against liabilities of $492k, net assets of $599k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.