Share Credit Corp

Analysis

Share Credit Corp is a registered charity in United States, based in St Simons Is, GA. It received its IRS tax-exemption ruling in January 2000, 26 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 Credit Corp reported income of $95k and spending of $44k, leaving 54% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $168k to $95k (-44%), an average of -13% a year. The sharpest change came in the year to December 2021, when income dropped by 47%. Over the whole period it spent 37% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Share Credit Corp sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 37th percentile within GA. Charities of a similar size with the same main cause include Independence Park Inc ($94k), Ellett Road Apartments Corporation ($95k) and Southwest Florida Gwi Housing Xiv Inc ($94k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $2.0m against liabilities of $0, net assets of $2.0m.