Share for Life Foundation Inc

Analysis

Share for Life Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 2004, 22 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, Share for Life Foundation Inc reported income of $310k and spending of $347k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $283k to $310k (+9.5%), an average of +2.3% a year. The sharpest change came in the year to December 2022, when income dropped by 53%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Share for Life Foundation Inc sits at the 57th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 59th percentile within NY. Charities of a similar size with the same main cause include Still Waters Counseling Center Inc ($310k), Full Potential Project ($310k) and Life and Independence for Today ($310k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $55k (16% of expenses). Other salaries and wages came to $109k. At year end it held assets of $36k against liabilities of $0, net assets of $36k.