Share Foundation Inc

Source Check Matrix

What Has Been Verified vs. What Needs Human Review

Source and Resolution Links

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Share Foundation Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

Share Foundation Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Share Foundation Inc in one place.

Is Share Foundation Inc Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

Across stored filings, Share Foundation Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Turn this Form 990 profile into a donor-ready report

Request a concise report for Share Foundation Inc with revenue, expenses, executive compensation, red flags, peer context, and IRS source links. You can also request CSV exports or watchlist updates for future filings.

Early access request only. Reports and exports are informational and based on public IRS records, not financial or legal advice.

Share Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.

About Share Foundation Inc

Share Foundation Inc (EIN: 222506229) is a nonprofit organization based in New Bedford, MA. The organization reported total revenue of $227K and total assets of $152K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Share Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Share Foundation Inc is a small nonprofit that has been operating for 42 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -5.8%.

Key Financial Metrics (2024)

From the most recent IRS 990 filing on record:

Financial Health Grade: B

In 2024, Share Foundation Inc reported a deficit of $74K with expenses exceeding revenue, holds 11.8 months of operating reserves (strong position).

Financial Trends

Over 14 years of filings (2011–2024), Share Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -5.8%.

IRS Tax-Exempt Classification

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Share Foundation Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

• admin: 15%
• programs: 70%
• fundraising: 15%

According to IRS 990 filings, Share Foundation Inc allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.

Key Financial Metrics (2024)

From the most recent IRS 990 filing on record:

• The organization reported a deficit of $74K, with expenses exceeding revenue.

Executive Compensation Analysis

Executive compensation cannot be assessed as the provided data does not include specific figures for executive salaries.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Share Foundation Inc's IRS 990 filings:

• Revenue has shown a general decline from $179,532 in 2017 to $108,724 in 2024, indicating potential sustainability challenges.
• Total assets have significantly decreased from $318,829 in 2022 to $179,363 in 2024, suggesting a depletion of reserves or significant asset sales.
• The consistent reporting of 0% fundraising costs (c0%) across all years is unusual for a nonprofit and may indicate underreporting or miscategorization of fundraising activities.

Strengths

The following positive indicators were identified for Share Foundation Inc:

• The organization has consistently maintained a presence and operations over the past seven years, as evidenced by annual filings.
• The organization reports no lobbying expenses, suggesting a focus on direct service rather than political advocacy.

Frequently Asked Questions about Share Foundation Inc

Filing History

IRS 990 filing history for Share Foundation Inc showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2011–2024), Share Foundation Inc's revenue has declined by 54.1%, moving from $237K to $109K. Total assets decreased by 48% over the same period, from $345K to $179K. Total functional expenses fell by 25.2%, from $244K to $183K. In its most recent filing year (2024), Share Foundation Inc reported a deficit of $74K, with expenses exceeding revenue.

Year-by-Year Financial Summary

• 2024: Revenue of $109K, expenses of $183K, and assets of $179K (revenue +11.0% year-over-year).
• 2023: Revenue of $98K, expenses of $163K, and assets of $253K (revenue -33.1% year-over-year).
• 2022: Revenue of $146K, expenses of $140K, and assets of $319K (revenue -14.2% year-over-year).
• 2021: Revenue of $171K, expenses of $118K, and assets of $312K (revenue +24.7% year-over-year).
• 2020: Revenue of $137K, expenses of $158K, and assets of $259K (revenue -10.0% year-over-year).
• 2019: Revenue of $152K, expenses of $115K, and assets of $280K (revenue -14.3% year-over-year).
• 2018: Revenue of $177K, expenses of $103K, and assets of $243K (revenue -1.2% year-over-year).
• 2017: Revenue of $180K, expenses of $126K, and assets of $169K (revenue +14.3% year-over-year).
• 2016: Revenue of $157K, expenses of $226K, and assets of $115K (revenue -22.1% year-over-year).
• 2015: Revenue of $202K, expenses of $248K, and assets of $183K (revenue +41.9% year-over-year).
• 2014: Revenue of $142K, expenses of $179K, and assets of $230K (revenue -13.8% year-over-year).
• 2013: Revenue of $165K, expenses of $191K, and assets of $267K (revenue +27.2% year-over-year).
• 2012: Revenue of $130K, expenses of $184K, and assets of $292K (revenue -45.2% year-over-year).
• 2011: Revenue of $237K, expenses of $244K, and assets of $345K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Share Foundation Inc:

Data Sources and Methodology

This transparency report for Share Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.