Is Sharing Resources Worldwide Inc Legit?

Sharing Resources Worldwide Inc has demonstrated consistent financial activity over the past decade, with revenues fluctuating but generally staying within the $30,000 to $140,000 range. The organization's latest filing (202312) shows expenses exceeding revenue ($127,487 vs. $93,260), resulting in a net deficit for the period. This trend of expenses occasionally surpassing revenue is observed in several past years (e.g., 202212, 201712, 201612, 201412), indicating a need for careful financial management to ensure long-term sustainability. Despite these fluctuations, the organization has maintained a healthy asset base, with assets of $141,958 in the latest period, significantly exceeding liabilities of $34,744. The organization's spending efficiency appears to be strong in terms of executive compensation, as officer compensation has consistently been reported as 0% across all available filings. This suggests that resources are not being diverted to high executive salaries. However, without a detailed breakdown of program, administrative, and fundraising expenses in the provided data, a precise assessment of spending efficiency across these categories is limited. The consistent filing of IRS Form 990s over 13 periods indicates a commitment to regulatory compliance and basic financial transparency. Overall, Sharing Resources Worldwide Inc appears to be a lean operation, focused on its mission without significant overhead in executive pay. While revenue generation can be inconsistent, the organization has managed to maintain a positive net asset position. Further detail on program spending versus administrative and fundraising costs would provide a more complete picture of its operational efficiency and impact.