Share Foundation Inc
Share Foundation Inc: Declining Revenue and Asset Trends Raise Concerns Amidst Consistent Spending
EIN: 222506229 · New Bedford, MA · Updated: 2026-04-04
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 →
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.
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.
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
Is Share Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Share Foundation Inc (EIN: 222506229) some concerns. Mission Score: 65/100. 3 red flags identified, 2 strengths noted.
How does Share Foundation Inc spend its money?
Share Foundation Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Share Foundation Inc tax-deductible?
Share Foundation Inc is registered as a tax-exempt nonprofit (EIN: 222506229). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Share Foundation Inc do?
Share Foundation Inc is a nonprofit organization in the Unknown sector, located in New Bedford, Massachusetts. It is classified under NTEE code Unknown.
How much revenue does Share Foundation Inc have?
Share Foundation Inc reported total revenue of $227,378. Based on 14 IRS 990 filings on record.
What are Share Foundation Inc's total assets?
Share Foundation Inc holds total assets of $151,612 as reported in IRS 990 filings.
Where is Share Foundation Inc located?
Share Foundation Inc is based in New Bedford, Massachusetts.
What is Share Foundation Inc's EIN?
Share Foundation Inc's Employer Identification Number (EIN) is 222506229. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Share Foundation Inc?
Share Foundation Inc is classified under NTEE code Unknown (Unknown).
Is Share Foundation Inc a registered 501(c)(3)?
Share Foundation Inc appears in IRS records (EIN: 222506229). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Share Foundation Inc file IRS Form 990?
Yes, Share Foundation Inc has 14 IRS Form 990 filings on record. The most recent covers tax period 202409.
What was Share Foundation Inc's revenue in 2024?
In the 202409 filing period, Share Foundation Inc reported total revenue of $108,724, total expenses of $182,800, and net assets of $179,363.
Is Share Foundation Inc's revenue growing or declining?
Share Foundation Inc's revenue is growing. Revenue went from $97,949 (202309) to $108,724 (202409), a +11.0% change. Based on 14 filings on record.
What is Share Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Share Foundation Inc covers tax period 202409. It shows revenue of $108,724, expenses of $182,800, total assets of $179,363, and liabilities of N/A.
How much does Share Foundation Inc spend on programs vs administration?
Based on IRS 990 analysis, Share Foundation Inc allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Share Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Share Foundation Inc shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 2 strengths noted.
What are the red flags for Share Foundation Inc?
The following concerns were identified: 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.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Share Foundation Inc's strengths?
Positive indicators for Share Foundation Inc include: 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.. These findings are derived from AI analysis of the organization's financial filings.
How does Share Foundation Inc compensate executives?
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 disclosure of officer, director, and key employee pay.
Given the consistent 'c0%' for fundraising costs, how does Share Foundation Inc. acquire its funding, and are there hidden fundraising expenses within other categories?
The consistent reporting of 0% for fundraising costs is highly unusual. It suggests either an extremely efficient, volunteer-driven fundraising model, or that fundraising expenses are being absorbed into administrative or program costs, which could obscure the true cost of revenue generation.
What factors are contributing to the significant decline in both revenue and assets for Share Foundation Inc. over recent years?
The data shows a clear downward trend in revenue from $179,532 in 2017 to $108,724 in 2024, and assets from $318,829 in 2022 to $179,363 in 2024. This could be due to decreased donor support, economic downturns affecting contributions, or significant operational losses. Further investigation into their financial statements would be needed to pinpoint the exact causes.
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 | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $109K | $183K | $179K | $0 | — | — |
| 2023 | $98K | $163K | $253K | $0 | — | View 990 |
| 2022 | $146K | $140K | $319K | $0 | — | View 990 |
| 2021 | $171K | $118K | $312K | $0 | — | — |
| 2020 | $137K | $158K | $259K | $0 | — | View 990 |
| 2019 | $152K | $115K | $280K | $0 | — | View 990 |
| 2018 | $177K | $103K | $243K | $0 | — | View 990 |
| 2017 | $180K | $126K | $169K | $0 | — | View 990 |
| 2016 | $157K | $226K | $115K | $0 | — | View 990 |
| 2015 | $202K | $248K | $183K | $0 | — | View 990 |
| 2014 | $142K | $179K | $230K | $0 | — | View 990 |
| 2013 | $165K | $191K | $267K | $0 | — | View 990 |
| 2012 | $130K | $184K | $292K | $0 | — | View 990 |
| 2011 | $237K | $244K | $345K | $0 | — | — |
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.
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.