Shared Beginnings

Analysis

Shared Beginnings is a registered charity in United States, based in Fayetteville, AR. It received its IRS tax-exemption ruling in September 2018, 8 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, Shared Beginnings reported income of $589k and spending of $642k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $546k to $589k (+8.0%), an average of +1.9% a year. The sharpest change came in the year to December 2020, when income rose by 78%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Shared Beginnings sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within AR. Charities of a similar size with the same main cause include A Family for Every Child ($589k), Olentangy Athletic Boosters Inc ($589k) and Child Development & Parent Resource Center Inc ($589k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $69k (11% of expenses). Other salaries and wages came to $288k. At year end it held assets of $374k against liabilities of $63k, net assets of $311k. It reported 17 employees.