Share Healthcare

Analysis

Share Healthcare is a registered charity in United States, based in Culpeper, VA. It received its IRS tax-exemption ruling in February 2021, 5 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Share Healthcare reported income of $234k and spending of $252k, spending 108% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $424k to $234k (-45%), an average of -26% a year. The sharpest change came in the year to December 2023, when income dropped by 62%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Share Healthcare sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within VA. Charities of a similar size with the same main cause include Bright Circle Inc ($234k), Exchange Club Center for Family Unity ($234k) and Ferber Family of Houma Foundation ($234k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $72k. At year end it held assets of $81k against liabilities of $34k, net assets of $47k. It reported 3 employees.