Sharing Is Caring Foundation

Analysis

Sharing Is Caring Foundation is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in July 2018, 8 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sharing Is Caring Foundation reported income of $91k and spending of $78k, spending 85% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $85k to $91k (+6.8%), an average of +6.8% a year. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sharing Is Caring Foundation sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 38th percentile within FL. Charities of a similar size with the same main cause include String Quartet Society of Tuscaloosa Inc ($91k), Nief-Norf ($91k) and 1750 Isle of Wight County Courthoouse Inc ($91k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $71k against liabilities of $500, net assets of $71k.