Share XI Inc

Analysis

Share XI Inc is a registered charity in United States, based in Medford, NY. It received its IRS tax-exemption ruling in June 2004, 22 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 XI Inc reported income of $114k and spending of $171k, spending 151% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $101k to $114k (+12%), an average of +2.9% a year. Over the whole period it spent 147% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Share XI Inc 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 40th percentile, and in the 39th percentile within NY. Charities of a similar size with the same main cause include 2life Opus Newton Inc ($114k), Boatwright Homes Inc ($114k) and Halcyon Foundation ($113k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 34% of the total. At year end it held assets of $1.1m against liabilities of $103k, net assets of $977k.

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.