Sharewell
Sharewell faces recent operating deficits and a significant increase in liabilities despite substantial assets.
EIN: 201470992 · Santa Monica, CA · NTEE: A50 · Updated: 2026-03-28
Is Sharewell Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sharewell directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sharewell
Sharewell (EIN: 201470992) is a nonprofit organization based in Santa Monica, CA, classified under NTEE code A50. The organization reported total revenue of $5.4M and total assets of $22.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sharewell's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sharewell is a mid-size nonprofit that has been operating for 21 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 10.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.9M |
| Total Expenses | $6.4M |
| Surplus / Deficit | $-1,501,121 |
| Total Assets | $24.6M |
| Total Liabilities | $16.2M |
| Net Assets | $8.4M |
| Operating Margin | -30.4% |
| Debt-to-Asset Ratio | 65.9% |
| Months of Reserves | 45.8 months |
Financial Health Grade: C
In 2023, Sharewell reported a deficit of $1.5M with expenses exceeding revenue, holds 45.8 months of operating reserves (strong position), has a debt-to-asset ratio of 65.9% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), Sharewell's revenue has grown at a compound annual growth rate (CAGR) of 10.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.3% | +18.1% | +75.8% |
| 2022 | +35.5% | +19.1% | -11.1% |
| 2021 | -32.0% | -29.9% | -10.7% |
| 2020 | -39.3% | +115.9% | -16.4% |
| 2019 | -12.1% | +12.5% | +166.1% |
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 Sharewell 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Sharewell allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 deficit of $1.5M, with expenses exceeding revenue.
- Debt-to-asset ratio: 65.9%.
Executive Compensation Analysis
Sharewell consistently reports 0% officer compensation across all 14 available IRS 990 filings, indicating that no compensation is paid to officers, directors, trustees, or key employees, which is highly unusual for an organization with over $5 million in annual revenue and $22 million in assets.
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 Sharewell's IRS 990 filings:
- Consistent operating deficits in recent years (e.g., 2023 expenses $6.4M vs. revenue $4.9M)
- Dramatic increase in liabilities from $4.1M in 2022 to $16.2M in 2023
- Significant fluctuations in revenue and expenses over time, indicating potential instability or project-based funding cycles.
Strengths
The following positive indicators were identified for Sharewell:
- Substantial asset base, reaching $24.5M in 2023, providing a financial cushion.
- Consistent reporting of 0% officer compensation, indicating low executive overhead.
- Long filing history (14 filings), suggesting established operations and compliance.
Frequently Asked Questions about Sharewell
Is Sharewell a legitimate charity?
Based on AI analysis of IRS 990 filings, Sharewell (EIN: 201470992) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Sharewell spend its money?
Sharewell directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Sharewell tax-deductible?
Sharewell is registered as a tax-exempt nonprofit (EIN: 201470992). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Sharewell financially sustainable given its recent operating deficits?
Sharewell has reported expenses exceeding revenue in multiple recent periods (e.g., 2023: $6,435,636 expenses vs. $4,934,515 revenue). While it holds significant assets ($24,570,712 in 2023), this trend of operating at a deficit, coupled with a substantial increase in liabilities to $16,194,812 in 2023, raises concerns about long-term financial sustainability if not addressed.
Why did Sharewell's liabilities increase so dramatically in 2023?
Sharewell's liabilities surged from $4,107,898 in 2022 to $16,194,812 in 2023. The IRS 990 data alone does not specify the nature of this increase, but it is a significant change that warrants further investigation into whether it's due to new debt, deferred revenue, or other obligations.
How does Sharewell manage to operate without officer compensation?
Sharewell consistently reports 0% officer compensation across all available filings. This is highly unusual for an organization of its size and suggests that leadership roles may be filled by volunteers, compensated through other means not reported as officer compensation, or that the organization has a unique operational structure.
Filing History
IRS 990 filing history for Sharewell showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Sharewell's revenue has grown by 248.1%, moving from $1.4M to $4.9M. Total assets increased by 2097.4% over the same period, from $1.1M to $24.6M. Total functional expenses rose by 278.3%, from $1.7M to $6.4M. In its most recent filing year (2023), Sharewell reported a deficit of $1.5M, with expenses exceeding revenue. The organization holds $16.2M in liabilities against $24.6M in assets (debt-to-asset ratio: 65.9%), resulting in net assets of $8.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.9M | $6.4M | $24.6M | $16.2M | — | — |
| 2022 | $4.6M | $5.5M | $14.0M | $4.1M | — | View 990 |
| 2021 | $3.4M | $4.6M | $15.7M | $4.9M | — | — |
| 2020 | $5.0M | $6.5M | $17.6M | $6.4M | — | — |
| 2019 | $8.2M | $3.0M | $21.1M | $8.3M | — | View 990 |
| 2018 | $9.4M | $2.7M | $7.9M | $354K | — | View 990 |
| 2017 | $2.8M | $2.5M | $1.1M | $245K | — | View 990 |
| 2016 | $2.5M | $2.5M | $885K | $353K | — | View 990 |
| 2015 | $1.0M | $1.2M | $805K | $184K | — | View 990 |
| 2014 | $2.2M | $2.4M | $1.0M | $186K | — | View 990 |
| 2013 | $2.2M | $2.2M | $1.3M | $162K | — | View 990 |
| 2012 | $2.1M | $2.0M | $1.3M | $222K | — | View 990 |
| 2011 | $1.8M | $1.8M | $1.1M | $116K | — | View 990 |
| 2010 | $1.4M | $1.7M | $1.1M | $151K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.9M, expenses of $6.4M, and assets of $24.6M (revenue +7.3% year-over-year).
- 2022: Revenue of $4.6M, expenses of $5.5M, and assets of $14.0M (revenue +35.5% year-over-year).
- 2021: Revenue of $3.4M, expenses of $4.6M, and assets of $15.7M (revenue -32.0% year-over-year).
- 2020: Revenue of $5.0M, expenses of $6.5M, and assets of $17.6M (revenue -39.3% year-over-year).
- 2019: Revenue of $8.2M, expenses of $3.0M, and assets of $21.1M (revenue -12.1% year-over-year).
- 2018: Revenue of $9.4M, expenses of $2.7M, and assets of $7.9M (revenue +238.0% year-over-year).
- 2017: Revenue of $2.8M, expenses of $2.5M, and assets of $1.1M (revenue +10.5% year-over-year).
- 2016: Revenue of $2.5M, expenses of $2.5M, and assets of $885K (revenue +146.9% year-over-year).
- 2015: Revenue of $1.0M, expenses of $1.2M, and assets of $805K (revenue -53.5% year-over-year).
- 2014: Revenue of $2.2M, expenses of $2.4M, and assets of $1.0M (revenue -0.1% year-over-year).
- 2013: Revenue of $2.2M, expenses of $2.2M, and assets of $1.3M (revenue +5.6% year-over-year).
- 2012: Revenue of $2.1M, expenses of $2.0M, and assets of $1.3M (revenue +12.0% year-over-year).
- 2011: Revenue of $1.8M, expenses of $1.8M, and assets of $1.1M (revenue +30.5% year-over-year).
- 2010: Revenue of $1.4M, expenses of $1.7M, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sharewell:
Data Sources and Methodology
This transparency report for Sharewell 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.