The Sharing Shelf Inc

Analysis

The Sharing Shelf Inc is a registered charity in United States, based in Port Chester, NY. It received its IRS tax-exemption ruling in May 2020, 6 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, The Sharing Shelf Inc reported income of $1.6m and spending of $1.4m, spending 89% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $390k to $1.6m (+313%), an average of +60% a year. The sharpest change came in the year to December 2021, when income rose by 112%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Sharing Shelf Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Palmetto State Growth Fund Inc ($1.6m), North Carolina Masonic Foundation Inc ($1.6m) and Jeannette Rankin Foundation Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $69k (4.8% of expenses). Other salaries and wages came to $129k. At year end it held assets of $1.1m against liabilities of $471k, net assets of $664k. It reported 8 employees.