Share X Inc

Analysis

Share X Inc is a registered charity in United States, based in Medford, NY. It received its IRS tax-exemption ruling in March 2003, 23 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 (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 X Inc reported income of $169k and spending of $204k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $157k to $169k (+7.4%), an average of +1.8% a year. The sharpest change came in the year to December 2021, when income rose by 22%. Over the whole period it spent 120% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Share X Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within NY. Charities of a similar size with the same main cause include Bay Area Affordable Homeownership Alliance ($169k), Spring Valley Manor Inc ($169k) and Kennedy Institute Housing Corporation II ($169k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 31% of the total. At year end it held assets of $1.2m against liabilities of $31k, net assets of $1.2m.

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.