Shared Spaces Foundation

Analysis

Shared Spaces Foundation is a registered charity in United States, based in Tukwila, WA. It received its IRS tax-exemption ruling in August 2022, 4 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, Shared Spaces Foundation reported income of $310k and spending of $207k, leaving 33% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $159k to $310k (+94%), an average of +94% a year. The sharpest change came in the year to December 2023, when income rose by 94%. Over the whole period it spent 73% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Shared Spaces Foundation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within WA. Charities of a similar size with the same main cause include Stevenson Downtown Association ($310k), Board of Hispanic Caucus Chairs ($310k) and Taos County Economic Development Corporation ($309k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.0m against liabilities of $904k, net assets of $127k.