Sharing Place Inc

Analysis

Sharing Place Inc is a registered charity in United States, based in Millcreek, UT. It received its IRS tax-exemption ruling in February 1994, 32 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 June 2023, Sharing Place Inc reported income of $713k and spending of $519k, leaving 27% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $350k to $713k (+104%), an average of +20% a year. The sharpest change came in the year to June 2020, when income rose by 61%. Over the whole period it spent 73% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Sharing Place Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within UT. Charities of a similar size with the same main cause include Stroke Onward Inc ($713k), Schroon Lake Emergency Squad Inc ($713k) and Hope Pregnancy Clinic ($713k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $106k (20% of expenses). Other salaries and wages came to $163k. At year end it held assets of $1.6m against liabilities of $152k, net assets of $1.4m. It reported 26 employees.