H U G S Sharon Inc
Only null% goes to programs Strong reserves
H U G S Sharon Inc is a 501(c)(3) organization based in Sharon, Massachusetts, registered in 2004, with $4,130 in FY2024 revenue. CharityIndex grades it B.
Po Box 91, Sharon, MA, 02067 EIN 56-2360659 Since 2004
Revenue (FY2024)
$4,130
▼ 55.8% vs prior year
Human Services median: $293K
Expenses (FY2024)
$3,611
Net assets
$89K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for H U G S Sharon Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating297 mo reserves · +13% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For H U G S Sharon Inc: 297 mo reserves · +13% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for H U G S Sharon Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For H U G S Sharon Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- Po Box 91, Sharon, MA, 02067
- City
- Sharon
- State
- Massachusetts
- Category
- Human Services
- Subcategory
- Family Services
- Website
- …
Financial trends
Revenue declined from $7,588 (FY2010) to $4,130 (FY2024) across 13 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $89K
Operating margin
12.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$89K
Total liabilities
$0
Net assets
$89K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $4,130▼55.8% | $3,611▼49.7% | $89,493▲0.6% | $89,493▲0.6% | 990EZ |
| 2023 | $9,354▲412% | $7,186▲130% | $88,974▲2.5% | $88,974▲2.5% | 990EZ |
| 2022 | $1,826▼54.3% | $3,129▲51.8% | $86,806▼1.5% | $86,806▼1.5% | 990EZ |
| 2021 | $3,997▲5.5% | $2,061▼44.1% | $88,109▲2.2% | $88,109▲2.2% | 990EZ |
| 2020 | $3,787▼24.2% | $3,687▼9.3% | $86,173▲0.1% | $86,173▲0.1% | 990EZ |
| 2019 | $4,993▼29.1% | $4,063▼23.6% | $86,073▼2.2% | $86,073▼2.2% | 990EZ |
| 2016 | $7,039▼15.7% | $5,315▼5.3% | $88,047▲2.0% | $88,047▲2.0% | 990EZ |
| 2015 | $8,345▲11.7% | $5,614▲4.8% | $86,323▲3.3% | $86,323▲3.3% | 990EZ |
| 2014 | $7,470▼8.5% | $5,358▼43.1% | $83,592▲2.6% | $83,592▲2.6% | 990EZ |
| 2013 | $8,166▼0.1% | $9,422▲15.3% | $81,480▼1.5% | $81,480▼1.5% | 990EZ |
| 2012 | $8,172▼2.7% | $8,173▼4.8% | $82,736 | $82,736 | 990EZ |
| 2011 | $8,399▲10.7% | $8,585▲59.8% | $82,737▼0.2% | $82,737▼0.2% | 990EZ |
| 2010 | $7,588 | $5,372 | $82,923 | $82,923 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is H U G S Sharon Inc a legitimate nonprofit?
- Yes. H U G S Sharon Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 56-2360659, based in Sharon, Massachusetts. Donations are tax-deductible.
- What is H U G S Sharon Inc's EIN?
- H U G S Sharon Inc's Employer Identification Number (EIN) is 56-2360659.
- How much revenue does H U G S Sharon Inc report?
- H U G S Sharon Inc reported $4,130 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does H U G S Sharon Inc have?
- CharityIndex grades H U G S Sharon Inc B, based on financial health (reserves and operating margin).
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Data for H U G S Sharon Inc (EIN 56-2360659) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.