Sharetix Foundation
Sharetix Foundation consistently operates with no reported officer compensation and growing assets.
EIN: 202008351 · Farmington, UT · NTEE: T30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $213K |
| Total Expenses | $229K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $200,000. |
| Net Assets | $33K |
| Transparency Score | 92/100 |
Is Sharetix Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sharetix Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sharetix Foundation
Sharetix Foundation (EIN: 202008351) is a nonprofit organization based in Farmington, UT, classified under NTEE code T30. The organization reported total revenue of $213K and total assets of $9K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sharetix Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sharetix Foundation is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 14.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $229K |
| Total Expenses | $229K |
| Surplus / Deficit | +$486 |
| Total Assets | $33K |
| Net Assets | $33K |
| Operating Margin | 0.2% |
| Months of Reserves | 1.7 months |
Financial Health Grade: A
In 2023, Sharetix Foundation reported a surplus of $486 with revenue exceeding expenses, holds 1.7 months of operating reserves (limited).
Financial Trends
Over 13 years of filings (2011–2023), Sharetix Foundation's revenue has grown at a compound annual growth rate (CAGR) of 14.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.4% | +6.6% | +1.5% |
| 2022 | +54.3% | +61.5% | +72.8% |
| 2021 | +67.4% | +37.2% | +410.8% |
| 2020 | -54.3% | -48.7% | -70.0% |
| 2019 | +11.8% | +11.1% | +59.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Sharetix Foundation with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Sharetix Foundation allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $486, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating a volunteer-led organization or one where leadership is compensated through other means not classified as officer compensation, which is highly unusual for an organization with revenues exceeding $200,000.
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 Sharetix Foundation's IRS 990 filings:
- Lack of detailed breakdown on program vs. administrative vs. fundraising expenses in provided data, making precise efficiency calculations difficult beyond executive compensation.
Strengths
The following positive indicators were identified for Sharetix Foundation:
- Consistent reporting of 0% officer compensation across all filings, indicating extremely low administrative overhead.
- Positive trend in revenue growth, from $88,348 in 202012 to $229,194 in 202312.
- Healthy asset growth, increasing from $3,644 in 202012 to $32,652 in 202312, demonstrating financial stability.
- Consistent low liabilities across all periods, indicating responsible financial management.
- Long history of IRS 990 filings (13 filings), demonstrating commitment to transparency and compliance.
Frequently Asked Questions about Sharetix Foundation
Is Sharetix Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Sharetix Foundation (EIN: 202008351) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Sharetix Foundation spend its money?
Sharetix Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Sharetix Foundation tax-deductible?
Sharetix Foundation is registered as a tax-exempt nonprofit (EIN: 202008351). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Sharetix Foundation CEO make?
Sharetix Foundation's highest-compensated officer earns $200,000. annually. The organization reported $213K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Sharetix Foundation's spending goes to programs?
Sharetix Foundation directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Sharetix Foundation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Sharetix Foundation is above average for NTEE category T30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Sharetix Foundation located?
Sharetix Foundation is headquartered in Farmington, Utah and files with the IRS under EIN 202008351. It is classified under NTEE code T30.
How many years of IRS 990 filings does Sharetix Foundation have?
Sharetix Foundation has 13 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 $213K in total revenue.
Is Sharetix Foundation a good charity?
Based on the provided data, Sharetix Foundation appears to be a well-managed charity with strong financial health, consistent growth in revenue and assets, and a notable commitment to minimizing administrative overhead by reporting 0% officer compensation. This suggests a high proportion of funds likely go directly to programs.
How has Sharetix Foundation's financial health changed over time?
Sharetix Foundation has shown consistent growth in revenue, from $88,348 in 202012 to $229,194 in 202312, and a significant increase in assets from $3,644 in 202012 to $32,652 in 202312. Expenses have generally tracked revenue, indicating stable operations and a growing capacity.
What is the significance of 0% officer compensation?
The consistent reporting of 0% officer compensation is highly significant. It suggests that the organization's leadership is either entirely volunteer-based or compensated through non-officer roles, which drastically reduces administrative costs and allows a greater proportion of funds to be directed towards its mission.
Filing History
IRS 990 filing history for Sharetix Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Sharetix Foundation's revenue has grown by 409.7%, moving from $45K to $229K. Total assets increased by 4986% over the same period, from $642 to $33K. Total functional expenses rose by 377.3%, from $48K to $229K. In its most recent filing year (2023), Sharetix Foundation reported a surplus of $486, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $229K | $229K | $33K | $0 | — | — |
| 2022 | $228K | $215K | $32K | $0 | — | View 990 |
| 2021 | $148K | $133K | $19K | $0 | — | View 990 |
| 2020 | $88K | $97K | $4K | $0 | — | View 990 |
| 2019 | $193K | $189K | $12K | $0 | — | View 990 |
| 2018 | $173K | $170K | $8K | $0 | — | View 990 |
| 2017 | $176K | $175K | $5K | $0 | — | — |
| 2016 | $190K | $188K | $4K | $0 | — | View 990 |
| 2015 | $155K | $155K | $3K | $0 | — | View 990 |
| 2014 | $128K | $125K | $3K | $0 | — | View 990 |
| 2013 | $99K | $99K | $284 | $0 | — | View 990 |
| 2012 | $96K | $97K | $-22 | $0 | — | View 990 |
| 2011 | $45K | $48K | $642 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $229K, expenses of $229K, and assets of $33K (revenue +0.4% year-over-year).
- 2022: Revenue of $228K, expenses of $215K, and assets of $32K (revenue +54.3% year-over-year).
- 2021: Revenue of $148K, expenses of $133K, and assets of $19K (revenue +67.4% year-over-year).
- 2020: Revenue of $88K, expenses of $97K, and assets of $4K (revenue -54.3% year-over-year).
- 2019: Revenue of $193K, expenses of $189K, and assets of $12K (revenue +11.8% year-over-year).
- 2018: Revenue of $173K, expenses of $170K, and assets of $8K (revenue -1.5% year-over-year).
- 2017: Revenue of $176K, expenses of $175K, and assets of $5K (revenue -7.6% year-over-year).
- 2016: Revenue of $190K, expenses of $188K, and assets of $4K (revenue +22.8% year-over-year).
- 2015: Revenue of $155K, expenses of $155K, and assets of $3K (revenue +21.0% year-over-year).
- 2014: Revenue of $128K, expenses of $125K, and assets of $3K (revenue +28.6% year-over-year).
- 2013: Revenue of $99K, expenses of $99K, and assets of $284 (revenue +3.3% year-over-year).
- 2012: Revenue of $96K, expenses of $97K, and assets of $-22 (revenue +113.9% year-over-year).
- 2011: Revenue of $45K, expenses of $48K, and assets of $642.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sharetix Foundation:
Data Sources and Methodology
This transparency report for Sharetix Foundation 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.