Dare 2 Share Ministries

Analysis

Dare 2 Share Ministries is a registered charity in United States, based in Wheat Ridge, CO. It received its IRS tax-exemption ruling in February 1954, 72 years ago. 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, Dare 2 Share Ministries reported income of $5.7m and spending of $4.6m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.3m to $5.7m (+72%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Dare 2 Share Ministries sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within CO. Charities of a similar size with the same main cause include Sos Childrens Village USA Inc ($5.7m), Jewels of Charity Inc ($5.7m) and Childrens Center of the Stanford Community ($5.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 105% and program service revenue 8.4% of the total. Compensation of current officers, directors and key employees was $155k (3.4% of expenses). Other salaries and wages came to $1.8m. It paid $201k in professional fundraising fees. At year end it held assets of $5.0m against liabilities of $808k, net assets of $4.2m. It reported 32 employees.