Sharing Inc

Analysis

Sharing Inc is a registered charity in United States, based in Bonny Doon, CA. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Sharing Inc reported income of $652k and spending of $587k, spending 90% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $377k to $652k (+73%), an average of +20% a year. The sharpest change came in the year to December 2021, when income rose by 36%. Over the whole period it spent 84% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Sharing Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include Pennsylvania State Association of County Fairs ($652k), Exponential Impact ($652k) and Energize Colorado Inc ($651k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $85k (15% of expenses). Other salaries and wages came to $255k. At year end it held assets of $442k against liabilities of $27k, net assets of $415k. It reported 7 employees.