Union Sharewaves Foundation

Analysis

Union Sharewaves Foundation is a registered charity in United States, based in Overland Park, KS. It received its IRS tax-exemption ruling in December 2019, 7 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Union Sharewaves Foundation reported income of $187k and spending of $169k, spending 90% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $153k to $187k (+22%), an average of +10% a year. The sharpest change came in the year to December 2022, when income rose by 40%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Union Sharewaves Foundation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 51st percentile within KS. Charities of a similar size with the same main cause include Houston Homeschool Athletics ($187k), Volunteer Life Saving Corps Inc ($187k) and Decatur Amateur Hockey Assoc Inc ($187k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 119% of the total. At year end it held assets of $36k against liabilities of $45k, net assets of -$9,171.