Share Our Spare
EIN: 452773364 · Chicago, IL · NTEE: P125
| Metric | Value |
|---|---|
| Total Revenue | $6.1M |
| Total Expenses | $5.8M |
| Net Assets | $1.1M |
Is Share Our Spare Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Share Our Spare
Share Our Spare (EIN: 452773364) is a nonprofit organization based in Chicago, IL, classified under NTEE code P125. The organization reported total revenue of $6.1M and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Share Our Spare's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Share Our Spare is a mid-size nonprofit that has been operating for 14 years, with 10 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 54.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.8M |
| Total Expenses | $5.8M |
| Surplus / Deficit | +$515 |
| Total Assets | $1.6M |
| Total Liabilities | $533K |
| Net Assets | $1.1M |
| Operating Margin | 0.0% |
| Debt-to-Asset Ratio | 32.4% |
| Months of Reserves | 3.4 months |
Financial Health Grade: A
In 2023, Share Our Spare reported a surplus of $515 with revenue exceeding expenses, holds 3.4 months of operating reserves (adequate), has a debt-to-asset ratio of 32.4% (moderate leverage).
Financial Trends
Over 10 years of filings (2013–2023), Share Our Spare's revenue has grown at a compound annual growth rate (CAGR) of 54.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +22.5% | +26.6% | -5.2% |
| 2022 | +33.2% | +38.5% | +73.7% |
| 2021 | +35.4% | +48.7% | +29.2% |
| 2020 | +106.4% | +84.6% | +115.7% |
| 2019 | +50.4% | +60.1% | +30.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2012 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Share Our Spare has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Share Our Spare with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $515, with revenue exceeding expenses.
- Debt-to-asset ratio: 32.4%.
Frequently Asked Questions about Share Our Spare
Is Share Our Spare a legitimate charity?
Based on AI analysis of IRS 990 filings, Share Our Spare (EIN: 452773364) insufficient data. 0 red flags identified, 0 strengths noted.
How does Share Our Spare spend its money?
Detailed spending breakdown data is not yet available for Share Our Spare. Check back for updated IRS 990 analysis.
Are donations to Share Our Spare tax-deductible?
Share Our Spare is registered as a tax-exempt nonprofit (EIN: 452773364). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Share Our Spare located?
Share Our Spare is headquartered in Chicago, Illinois and files with the IRS under EIN 452773364. It is classified under NTEE code P125.
How many years of IRS 990 filings does Share Our Spare have?
Share Our Spare has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $6.1M in total revenue.
Filing History
IRS 990 filing history for Share Our Spare showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2013–2023), Share Our Spare's revenue has grown by 7748.5%, moving from $74K to $5.8M. Total assets increased by 3269% over the same period, from $49K to $1.6M. Total functional expenses rose by 19335.2%, from $30K to $5.8M. In its most recent filing year (2023), Share Our Spare reported a surplus of $515, with revenue exceeding expenses. The organization holds $533K in liabilities against $1.6M in assets (debt-to-asset ratio: 32.4%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.8M | $5.8M | $1.6M | $533K | — | View 990 |
| 2022 | $4.7M | $4.6M | $1.7M | $623K | — | View 990 |
| 2021 | $3.5M | $3.3M | $1.0M | $28K | — | View 990 |
| 2020 | $2.6M | $2.2M | $774K | $47K | — | View 990 |
| 2019 | $1.3M | $1.2M | $359K | $30K | — | View 990 |
| 2018 | $841K | $749K | $274K | $11K | — | View 990 |
| 2017 | $1.3M | $1.3M | $190K | $20K | — | View 990 |
| 2016 | $454K | $333K | $194K | $5K | — | View 990 |
| 2015 | $91K | $68K | $68K | $0 | — | View 990 |
| 2013 | $74K | $30K | $49K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.8M, expenses of $5.8M, and assets of $1.6M (revenue +22.5% year-over-year).
- 2022: Revenue of $4.7M, expenses of $4.6M, and assets of $1.7M (revenue +33.2% year-over-year).
- 2021: Revenue of $3.5M, expenses of $3.3M, and assets of $1.0M (revenue +35.4% year-over-year).
- 2020: Revenue of $2.6M, expenses of $2.2M, and assets of $774K (revenue +106.4% year-over-year).
- 2019: Revenue of $1.3M, expenses of $1.2M, and assets of $359K (revenue +50.4% year-over-year).
- 2018: Revenue of $841K, expenses of $749K, and assets of $274K (revenue -33.5% year-over-year).
- 2017: Revenue of $1.3M, expenses of $1.3M, and assets of $190K (revenue +178.4% year-over-year).
- 2016: Revenue of $454K, expenses of $333K, and assets of $194K (revenue +400.7% year-over-year).
- 2015: Revenue of $91K, expenses of $68K, and assets of $68K (revenue +23.4% year-over-year).
- 2013: Revenue of $74K, expenses of $30K, and assets of $49K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Share Our Spare:
Data Sources and Methodology
This transparency report for Share Our Spare 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.