Sheetz Share the Love Employee Relief Fund

Analysis

Sheetz Share the Love Employee Relief Fund is a registered charity in United States, based in Altoona, PA. It received its IRS tax-exemption ruling in April 2021, 5 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sheetz Share the Love Employee Relief Fund reported income of $193k and spending of $1.2m, spending 630% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $706k to $193k (-73%), an average of -35% a year. The sharpest change came in the year to December 2022, when income rose by 849%. Over the whole period it spent 113% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Sheetz Share the Love Employee Relief Fund sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 50th percentile within PA. Charities of a similar size with the same main cause include Jeremiah 29 11 Inc ($193k), Pan-Icarian Foundation ($193k) and Ray a & Kathryn Eckstein Cassville Edctnl Support TR Ua 12211998 ($192k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 104% of the total. At year end it held assets of $17k against liabilities of $237k, net assets of -$220k.