Share Inc

Analysis

Share Inc is a registered charity in United States, based in Beverly Hills, CA. It received its IRS tax-exemption ruling in May 1958, 68 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 February 2023, Share Inc reported income of $284k and spending of $569k, spending 200% of what it took in. Across the 5 years on record, from February 2019 to February 2023, income fell from $689k to $284k (-59%), an average of -20% a year. The sharpest change came in the year to February 2021, when income dropped by 70%. Over the whole period it spent 129% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Share Inc 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 61st percentile, and in the 63rd percentile within CA. Charities of a similar size with the same main cause include North Arkansas Senior Housing of Bull Shoals and Gravette Inc ($284k), Birmingham Service League ($284k) and Spirithorse Therapeutic Riding Center ($284k).

On its Form 990 for the period ending February 2023, revenue came from contributions and grants 5.1% and program service revenue 6.4% of the total. At year end it held assets of $426k against liabilities of $0, net assets of $426k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.