Sharing Network Foundation Inc

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Sharing Network Foundation Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

Sharing Network Foundation Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Sharing Network Foundation Inc in one place.

Is Sharing Network Foundation Inc Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

Across stored filings, Sharing Network Foundation Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Keep the Investigation Moving

Sharing Network Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Sharing Network Foundation Inc

Sharing Network Foundation Inc (EIN: 202737719) is a nonprofit organization based in New Providnce, NJ, classified under NTEE code E116. The organization reported total revenue of $1.8M and total assets of $5.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sharing Network Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Sharing Network Foundation Inc is a mid-size nonprofit that has been operating for 20 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 17.9%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Sharing Network Foundation Inc reported a surplus of $216K with revenue exceeding expenses, holds 13.7 months of operating reserves (strong position), has a debt-to-asset ratio of 17.1% (very low leverage).

Financial Trends

Over 14 years of filings (2010–2023), Sharing Network Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 17.9%.

IRS Tax-Exempt Classification

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 Network Foundation Inc with a Mission Score of 85 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: 10%
• programs: 80%
• fundraising: 10%

According to IRS 990 filings, Sharing Network Foundation Inc 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 surplus of $216K, with revenue exceeding expenses.
• Debt-to-asset ratio: 17.1%.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers or that compensation is covered by a related entity, which is a strong positive for transparency and resource allocation.

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 Network Foundation Inc's IRS 990 filings:

• Lack of detailed functional expense breakdown in summary data prevents precise spending efficiency analysis.

Strengths

The following positive indicators were identified for Sharing Network Foundation Inc:

• Consistent revenue generation, with latest revenue at $1,686,098 (202312).
• Positive net assets growth over the decade, from $453,677 (201412) to $1,679,869 (202312).
• No reported officer compensation across all filings, indicating strong commitment to mission-focused spending.
• Generally manages expenses below or close to revenue, demonstrating financial stability.

Frequently Asked Questions about Sharing Network Foundation Inc

Filing History

IRS 990 filing history for Sharing Network Foundation Inc showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2010–2023), Sharing Network Foundation Inc's revenue has grown by 752.9%, moving from $198K to $1.7M. Total assets increased by 400.4% over the same period, from $336K to $1.7M. Total functional expenses rose by 182.3%, from $521K to $1.5M. In its most recent filing year (2023), Sharing Network Foundation Inc reported a surplus of $216K, with revenue exceeding expenses. The organization holds $288K in liabilities against $1.7M in assets (debt-to-asset ratio: 17.1%), resulting in net assets of $1.4M.

Year-by-Year Financial Summary

• 2023: Revenue of $1.7M, expenses of $1.5M, and assets of $1.7M (revenue +54.5% year-over-year).
• 2022: Revenue of $1.1M, expenses of $1.4M, and assets of $1.2M (revenue -26.5% year-over-year).
• 2021: Revenue of $1.5M, expenses of $1.4M, and assets of $1.8M (revenue +40.2% year-over-year).
• 2020: Revenue of $1.1M, expenses of $1.2M, and assets of $1.5M (revenue -25.4% year-over-year).
• 2019: Revenue of $1.4M, expenses of $1.3M, and assets of $1.4M (revenue -10.9% year-over-year).
• 2018: Revenue of $1.6M, expenses of $1.5M, and assets of $1.7M (revenue +5.9% year-over-year).
• 2017: Revenue of $1.5M, expenses of $1.4M, and assets of $1.1M (revenue -5.5% year-over-year).
• 2016: Revenue of $1.6M, expenses of $1.4M, and assets of $871K (revenue +57.2% year-over-year).
• 2015: Revenue of $1.0M, expenses of $1.1M, and assets of $612K (revenue +7.2% year-over-year).
• 2014: Revenue of $945K, expenses of $952K, and assets of $454K (revenue +6.4% year-over-year).
• 2013: Revenue of $888K, expenses of $875K, and assets of $473K (revenue +10.6% year-over-year).
• 2012: Revenue of $803K, expenses of $1.0M, and assets of $428K (revenue +57.0% year-over-year).
• 2011: Revenue of $512K, expenses of $588K, and assets of $392K (revenue +158.9% year-over-year).
• 2010: Revenue of $198K, expenses of $521K, and assets of $336K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Sharing Network Foundation Inc:

Data Sources and Methodology

This transparency report for Sharing Network 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.