Sharing Network Foundation Inc
Sharing Network Foundation Inc consistently generates revenue and maintains assets with no reported officer compensation.
EIN: 202737719 · New Providnce, NJ · NTEE: E116 · Updated: 2026-03-28
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 →
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.
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.
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
Is Sharing Network Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Sharing Network Foundation Inc (EIN: 202737719) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Sharing Network Foundation Inc spend its money?
Sharing Network Foundation Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Sharing Network Foundation Inc tax-deductible?
Sharing Network Foundation Inc is registered as a tax-exempt nonprofit (EIN: 202737719). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Sharing Network Foundation Inc manage to report 0% officer compensation?
The provided data consistently shows 0% officer compensation. This could mean that officers are volunteers, compensated by a related entity, or that their compensation is categorized differently on the full 990 form (e.g., as general salaries if they are also employees).
What are the specific program activities funded by Sharing Network Foundation Inc?
The NTEE code E116 suggests the organization is involved in 'Organ & Tissue Banks'. Further details would require reviewing the full 990 form's program service accomplishments section.
What is the primary source of revenue for the organization?
The provided data only shows total revenue. To determine the primary source (e.g., contributions, grants, program service revenue), the full 990 form would need to be consulted.
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 | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $1.7M | $1.5M | $1.7M | $288K | — | — |
| 2022 | $1.1M | $1.4M | $1.2M | $49K | — | — |
| 2021 | $1.5M | $1.4M | $1.8M | $403K | — | View 990 |
| 2020 | $1.1M | $1.2M | $1.5M | $173K | — | — |
| 2019 | $1.4M | $1.3M | $1.4M | $73K | — | View 990 |
| 2018 | $1.6M | $1.5M | $1.7M | $608K | — | View 990 |
| 2017 | $1.5M | $1.4M | $1.1M | $252K | — | View 990 |
| 2016 | $1.6M | $1.4M | $871K | $179K | — | View 990 |
| 2015 | $1.0M | $1.1M | $612K | $158K | — | View 990 |
| 2014 | $945K | $952K | $454K | $644K | — | View 990 |
| 2013 | $888K | $875K | $473K | $656K | — | View 990 |
| 2012 | $803K | $1.0M | $428K | $624K | — | View 990 |
| 2011 | $512K | $588K | $392K | $383K | — | View 990 |
| 2010 | $198K | $521K | $336K | $251K | — | View 990 |
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.
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.