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Shares Nation Inc

EIN 22-3564398 · Flemington, NJ

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak40 out of 100GovernanceGood85 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

TO PROVIDE ASSISTANCE TO INDIVIDUALS AND FAMILIES IN NEED OF HELP IN MEETING THEIR ENERGY AND UTILITY BURDEN THROUGH ADVOCACY, COMMUNITY OUTREACH, EDUCATION, INFORMATION AND REFERRAL, AND TO CONNECT LOW AND MODERATE INCOME HOUSEHOLDS WITH AVAILABLE RESOURCES TO MEET THEIR ONGOING NEEDS.

Income
$14.6 million
Spending
$15.2 million
Spent on programs
91%
Reserves
-0.2 months of spending
Largest source of income
government grants, 82%
Employees
35
Volunteers
21
Highest pay
$376,595, chief executive officer

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 40 out of 100. Higher than 10% of charities in its peer group (human services, $10m to $100m).

  • Reserves

    0 of 35

    Spendable reserves are negative: it owes or has committed more than it holds.

  • Debt

    2 of 20

    It owes 90% of what it owns.

  • Living within its means

    8 of 15

    Spending exceeded income by 4% of income.

  • Income trend

    15 of 15

    Income rose 145% on the year before.

  • Spending floor

    15 of 15

    91% of spending went to programs and raising each dollar of donations cost 2 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 85 out of 100. Higher than 12% of charities in its peer group (human services, $10m to $100m).

  • Independent board

    25 of 25

    21 of 21 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    0 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (3)
  1. $8.1 million spent. NJ SMART PROGRAM - PROVIDING ASSISTANCE GRANTS TO ELIGIBLE NEW JERSEY RESIDENTS WHO ARE FACING HOUSING INSTABILITY TO HELP LESSEN THE BURDEN ON LIMITED INCOME HOUSEHOLDS. NJ SHARES SMART UTILITY ASSISTANCE PROGRAM - ASSISTING INCOME QUALIFIED NEW JERSEY HOUSEHOLDS WHO ARE IN A TEMPORARY FINANCIAL CRISIS AND EITHER DO NOT QUALIFY FOR FEDERAL OR STATE UTILITY ASSISTANCE PROGRAMS OR HAVE RECEIVED BENEFITS FROM THESE FEDERAL AND STATE UTILITY ASSISTANCE PROGRAMS AND ARE STILL IN NEED OF ELECTRIC AND/OR GAS PAYMENT ASSISTANCE.
  2. $4.5 million spent. PAGE PROGRAM - ASSISTING INCOME QUALIFIED NEW JERSEY HOUSEHOLDS WHO ARE IN A TEMPORARY FINANCIAL CRISIS AND IN NEED OF ELECTRIC AND/OR GAS PAYMENT ASSISTANCE.
  3. $1.3 million spent. PROVIDE STATEWIDE HEATING ASSISTANCE AND REFERRALS FOR ENERGY SERVICES, WATER BILL PAYMENT ASSISTANCE TO INDIVIDUALS AND FAMILIES LIVING IN NEW JERSEY WHO ARE IN NEED OF TEMPORARY HELP IN PAYING THEIR ENERGY BILLS AND OUTREACH AND ENROLLMENT SERVICES FOR THE VERIZON COMMUNICATIONS LIFELINE.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since September 1998.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.