Share House Inc

Analysis

Share House Inc is a registered charity in United States, based in Douglasville, GA. It received its IRS tax-exemption ruling in October 1990, 36 years ago. 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 September 2023, Share House Inc reported income of $2.4m and spending of $2.3m, spending 95% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.9m to $2.4m (+29%), an average of +6.7% a year. The sharpest change came in the year to September 2022, when income rose by 15%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Share House Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within GA. Charities of a similar size with the same main cause include Shalom Center Inc ($2.4m), Riverside Christian School ($2.4m) and Spirit Mission Inc ($2.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $99k (4.2% of expenses). Other salaries and wages came to $739k. At year end it held assets of $1.2m against liabilities of $44k, net assets of $1.1m. It reported 39 employees.