Sharecare Foundation Inc

Analysis

Sharecare Foundation Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in April 2018, 8 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2021, Sharecare Foundation Inc reported income of $4.3m and spending of $269k, leaving 94% of income unspent that year. Across the 2 years on record, from December 2020 to December 2021, income grew from $496k to $4.3m (+768%), an average of +768% a year. The sharpest change came in the year to December 2021, when income rose by 768%. Over the whole period it spent 8.8% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Sharecare Foundation Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within GA. Charities of a similar size with the same main cause include Whitman-Walker Foundation Inc ($4.3m), Sephardic Home for the Aged Foundation ($4.3m) and Saint Francis Childrens Center Inc ($4.3m).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. At year end it held assets of $2.0m against liabilities of $265k, net assets of $1.7m.