Spirit of Sharing

Analysis

Spirit of Sharing is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in December 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Spirit of Sharing reported income of $58k and spending of $40k, leaving 31% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $41k to $58k (+41%), an average of +41% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 71% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Spirit of Sharing sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 19th percentile within MN. Charities of a similar size with the same main cause include Mt Spokane Wildcats Athletic Booster Club ($58k), Mendocino Property Holdings ($58k) and Parent Teacher Organization of Little Egg Harbor Inc ($58k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $165k against liabilities of $101, net assets of $165k.