Spirit of Sharing Inc

Analysis

Spirit of Sharing Inc is a registered charity in United States, based in Liberty, TX. It received its IRS tax-exemption ruling in June 1983, 43 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, Spirit of Sharing Inc reported income of $388k and spending of $393k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $338k to $388k (+15%), an average of +3.5% a year. The sharpest change came in the year to December 2020, when income dropped by 20%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Spirit of Sharing Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 71st percentile within TX. Charities of a similar size with the same main cause include Sherman County Community Development Corporation ($388k), Project Marilyn ($388k) and Newton Community Farm Inc ($388k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% of the total. Compensation of current officers, directors and key employees was $19k (4.9% of expenses). Other salaries and wages came to $187k. At year end it held assets of $294k against liabilities of $0, net assets of $294k. It reported 18 employees.