Sharing Foundation
Sharing Foundation maintains strong asset base and zero executive compensation amidst fluctuating revenues.
EIN: 10518534 · Concord, MA · NTEE: Q123 · Updated: 2026-03-27
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $689K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1.2 |
| Net Assets | $8.5M |
| Transparency Score | 95/100 |
Is Sharing Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sharing Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sharing Foundation
Sharing Foundation (EIN: 10518534) is a nonprofit organization based in Concord, MA, classified under NTEE code Q123. The organization reported total revenue of $1.2M and total assets of $9.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sharing Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sharing Foundation is a mid-size nonprofit that has been operating for 28 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $680K |
| Total Expenses | $689K |
| Surplus / Deficit | $-8,520 |
| Total Assets | $8.5M |
| Total Liabilities | $88 |
| Net Assets | $8.5M |
| Operating Margin | -1.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 148.3 months |
Financial Health Grade: B
In 2023, Sharing Foundation reported a deficit of $9K with expenses exceeding revenue, holds 148.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Sharing Foundation's revenue has declined at a compound annual growth rate (CAGR) of -3.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -13.0% | +15.6% | -5.8% |
| 2022 | -2.9% | +4.1% | +8.1% |
| 2021 | +70.4% | -3.3% | +28.5% |
| 2020 | -31.6% | +7.4% | -6.3% |
| 2019 | +14.1% | +7.0% | +0.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1998 |
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 Sharing Foundation with a Mission Score of 95 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Sharing Foundation allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 deficit of $9K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for an organization with over $1.2 million in latest reported revenue and nearly $9.4 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 Sharing Foundation's IRS 990 filings:
- Slight deficit in the most recent filing (202303) where expenses ($688,693) exceeded revenue ($680,173), though this is a minor deviation from historical trends.
Strengths
The following positive indicators were identified for Sharing Foundation:
- Consistent zero executive compensation across all filings, indicating high efficiency and volunteer leadership.
- Strong and growing asset base, currently at $9,378,382, providing significant financial stability.
- Extremely low liabilities across all periods, demonstrating sound financial management and minimal debt.
- Generally effective expense management, with expenses often below or comparable to revenue.
- Long and consistent filing history (13 filings), indicating transparency and compliance.
Frequently Asked Questions about Sharing Foundation
Is Sharing Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Sharing Foundation (EIN: 10518534) some concerns. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
How does Sharing Foundation spend its money?
Sharing Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Sharing Foundation tax-deductible?
Sharing Foundation is registered as a tax-exempt nonprofit (EIN: 10518534). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Sharing Foundation CEO make?
Sharing Foundation's highest-compensated officer earns $1.2 annually. The organization reported $1.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Sharing Foundation's spending goes to programs?
Sharing Foundation directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Sharing Foundation compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Sharing Foundation is above average for NTEE category Q123 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Sharing Foundation located?
Sharing Foundation is headquartered in Concord, Massachusetts and files with the IRS under EIN 10518534. It is classified under NTEE code Q123.
How many years of IRS 990 filings does Sharing Foundation have?
Sharing 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 $1.2M in total revenue.
Is Sharing Foundation a good charity?
Based on the provided IRS 990 data, Sharing Foundation appears to be a very good charity. It demonstrates strong financial health with substantial assets, very low liabilities, and a remarkable commitment to its mission by not paying any officer compensation, ensuring more funds go directly to programs.
How has Sharing Foundation's financial health changed over time?
Sharing Foundation has consistently maintained a strong financial position. Its assets have grown steadily from $5,671,589 in 201403 to $9,378,382 currently. While revenue has fluctuated year-to-year, expenses have generally been well-managed, and liabilities have remained exceptionally low throughout its filing history.
What is the organization's approach to executive compensation?
The organization's approach to executive compensation is highly commendable, as it consistently reports 0% officer compensation across all 13 available filings. This indicates a volunteer-driven leadership model, maximizing resources for its programmatic activities.
Filing History
IRS 990 filing history for Sharing Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Sharing Foundation's revenue has declined by 32.2%, moving from $1.0M to $680K. Total assets increased by 96% over the same period, from $4.3M to $8.5M. Total functional expenses rose by 115%, from $320K to $689K. In its most recent filing year (2023), Sharing Foundation reported a deficit of $9K, with expenses exceeding revenue. The organization holds $88 in liabilities against $8.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $8.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $680K | $689K | $8.5M | $88 | — | View 990 |
| 2022 | $782K | $596K | $9.0M | $5K | — | View 990 |
| 2021 | $805K | $572K | $8.4M | $1K | — | View 990 |
| 2020 | $472K | $591K | $6.5M | $2K | — | View 990 |
| 2019 | $691K | $551K | $6.9M | $66 | — | View 990 |
| 2018 | $606K | $515K | $6.9M | $2K | — | View 990 |
| 2017 | $1.0M | $440K | $6.5M | $1K | — | View 990 |
| 2016 | $358K | $496K | $5.9M | $826 | — | View 990 |
| 2015 | $734K | $387K | $6.0M | $2K | — | View 990 |
| 2014 | $923K | $356K | $5.7M | $296 | — | View 990 |
| 2013 | $844K | $351K | $5.1M | $312 | — | View 990 |
| 2012 | $570K | $302K | $4.6M | $3K | — | View 990 |
| 2011 | $1.0M | $320K | $4.3M | $659 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $680K, expenses of $689K, and assets of $8.5M (revenue -13.0% year-over-year).
- 2022: Revenue of $782K, expenses of $596K, and assets of $9.0M (revenue -2.9% year-over-year).
- 2021: Revenue of $805K, expenses of $572K, and assets of $8.4M (revenue +70.4% year-over-year).
- 2020: Revenue of $472K, expenses of $591K, and assets of $6.5M (revenue -31.6% year-over-year).
- 2019: Revenue of $691K, expenses of $551K, and assets of $6.9M (revenue +14.1% year-over-year).
- 2018: Revenue of $606K, expenses of $515K, and assets of $6.9M (revenue -41.4% year-over-year).
- 2017: Revenue of $1.0M, expenses of $440K, and assets of $6.5M (revenue +189.1% year-over-year).
- 2016: Revenue of $358K, expenses of $496K, and assets of $5.9M (revenue -51.3% year-over-year).
- 2015: Revenue of $734K, expenses of $387K, and assets of $6.0M (revenue -20.5% year-over-year).
- 2014: Revenue of $923K, expenses of $356K, and assets of $5.7M (revenue +9.4% year-over-year).
- 2013: Revenue of $844K, expenses of $351K, and assets of $5.1M (revenue +48.0% year-over-year).
- 2012: Revenue of $570K, expenses of $302K, and assets of $4.6M (revenue -43.2% year-over-year).
- 2011: Revenue of $1.0M, expenses of $320K, and assets of $4.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sharing Foundation:
Data Sources and Methodology
This transparency report for Sharing 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.