Overview
What is Share Our Spare?
Share Our Spare is a nonprofit organization situated in Chicago, Illinois, specifically at 3800 N Milwaukee Ave, 60641. Its mission is to disrupt cycles of generational poverty by supplying families with the essential items they require to thrive during their children's first years of life. The organization accomplishes this by leveraging donated goods, volunteer time, and monetary contributions or grants, collectively referred to as "extras." By partnering with social service agencies in Cook, Lake, and DuPage counties, Share Our Spare distributes these essential infant and toddler items to families in need, serving nearly 1,000 children each month. The organization's dedicated workforce consists of 12 individuals.
Official website here: www.shareourspare.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 96% - Four-Star out of Four Star rating
Share Our Spare has received a Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The organization excels particularly in its governance, with a fully independent board and strong financial oversight measures. Its program expense ratio is impressive at 95.60%, demonstrating a significant commitment to its mission.
User reviews highlight the organization's effective mission and dedicated team. One reviewer praises Share Our Spare's impactful work and expresses pride in partnering with them. This positive feedback showcases the strong support and community engagement surrounding the organization.
Despite its strengths, the organization has a low fundraising efficiency ratio, which may indicate challenges in raising funds relative to expenses. However, its strong performance in other areas suggests that Share Our Spare effectively utilizes its resources towards its programs. Overall, the charity stands out for its commitment to transparency and effective financial management.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Share Our Spare legitimate?
Share Our Spare is a legitimate nonprofit organization registered as a 501(c)(3) entity. Share Our Spare submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $121,088
Professional Fundraising Fees: $0
Other Salaries and Wages: $234,136
For more financial information, click here
Official website here: www.shareourspare.org
What is the mission statement of Share Our Spare?
Share Our Spare aims to disrupt cycles of generational poverty by providing families with the essentials they need to thrive during the first years of a child's life. The organization accomplishes this through the use of donated goods, volunteer time, and financial contributions, collectively referred to as "extras." Share Our Spare distributes these essential infant and toddler items to families in need, primarily through a network of social service agencies within the Chicagoland area. On a monthly basis, the organization serves approximately 1,000 children in Cook, Lake, and DuPage counties.
Official website here: www.shareourspare.org
Who is the CEO of Share Our Spare?
Stefanie Hest is the Executive Dir. of Share Our Spare.
Official website here: www.shareourspare.org
What is the revenue of Share Our Spare?
Share Our Spare's revenue in 2022 was $4,711,165.
Official website here: www.shareourspare.org
Who are the executives of Share Our Spare and what are their salaries?
The average compensation at Share Our Spare during 2022 was $29,602. There are 12 employees and 2518 volunteers at Share Our Spare.
Here are 14 key members and their salaries:
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Official website here: www.shareourspare.org
Where can I find the form 990 for Share Our Spare?
Share Our Spare's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.shareourspare.org
Learn more at the official website: www.shareourspare.org
Mission Statement of Share Our Spare
Share Our Spare, a nonprofit organization, aims to disrupt cycles of generational poverty by providing essential items needed by families in the first years of a child's life. Their mission is centered around offering these necessities, which can significantly impact a family's ability to flourish. The organization accomplishes this by leveraging donated goods, volunteer time, and financial contributions or grants. Collectively referred to as "extras," these resources are utilized to distribute essential infant and toddler items to families who are most in need. Share Our Spare operates through a network of social service agencies across Cook, Lake, and DuPage counties in the Chicagoland area. Each month, the organization serves approximately 1,000 children by providing these essential items, thereby contributing to a more prosperous start for families and potentially breaking the cycle of poverty.
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Impact
July, 2024
Share Our Spare disrupts cycles of generational poverty by providing families with the essentials they need to flourish in the first years of a child's life. This organization utilizes donated goods, volunteer time, and contributions/grants to provide essential infant and toddler items to families most in need in the Chicagoland area. Serving nearly 1,000 children each month in Cook, Lake, and DuPage counties, Share Our Spare makes a direct impact on the lives of families facing economic challenges by ensuring that their children have the necessary resources for a healthy and happy start in life.
This information is meant to be a general summary of Share Our Spare. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $19,208
- Gross Receipts: $4,795,631
Assets and Liabilities:
- Total Assets: $1,737,249
- Total Liabilities: $623,219
- Net Assets: $1,114,030
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program Fees
Revenue
$19,208
Organization Details
Founding Year
2011
Phone
(312) 659-8019Principal Officer
Stefanie Hest
Main Address
3800 N Milwaukee Ave, Chicago, IL, 60641
Website
www.shareourspare.orgNTEE Category
Code: P125 - Human services
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