Sharing-Caring Incorporated

Analysis

Sharing-Caring Incorporated is a registered charity in United States, based in Ft Walton BCH, FL. It received its IRS tax-exemption ruling in May 1987, 39 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, Sharing-Caring Incorporated reported income of $1.1m and spending of $1.2m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $849k to $1.1m (+29%), an average of +6.6% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sharing-Caring Incorporated sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within FL. Charities of a similar size with the same main cause include Foggy Bottom West End Village Incorporated ($1.1m), Moms and Babes Too MSSP Issp Inc ($1.1m) and Carroll County Council for Aging ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $1.1m against liabilities of $12k, net assets of $1.1m.