New York · Nonprofit
SHARED INTEREST INC
SHARED INTEREST INC (New York) receives grants from 42 organizations whose IRS filings report $4,369,600 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($1,248,435). 24 of them have funded it in more than one year, and 61% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2024
- $1.0M
- Funders on record
- 42
- Grants received
- $4.4M
- Net assets
- $1.8M
What Shared Interest Inc does
Mission
The organization seeks to promote social reconstruction in south africa and neighboring countries by facilitating access to credit for low-income borrowers through the provision of loan guarantees to mainstream banks and other financial institutions. As these lenders have historically been reluctant to extend credit to a sector of the population they consider un-bankable, the majority of southern african citizens, absent the guarantees, would continue to be economically marginalized.
As stated on its FY2024 Form 990.
Program
The organization had outstanding agreements guaranteeing commercial loans to small and growing businesses, agricultural enterprises and micro-finance institutions in the southern africa region. The aggregate exposure involved in the guarantees totaled $3,485,000. Because the credit facilities arranged by shared interest were limited to no morethan 75% of the loans they backed, the guarantees ultimately unlocked total lending of sums in excess of the stated amount by virtue of the risk-sharing agreed in the contracts between local institutions and the organizations. Additionally, the guarantee program, implemented by means of the proven trans-border mechanism of standby bank letters of credit, continued to give the confidence to southern african non-bank financials institutions and other alternative lenders to put capital at risk in the sphere of small business finance and lending to economically-disenfranchised individuals. Collateralizing the letters of credit, were the us-custodied investments of the organization, funded by loans and donations by american individuals, family foundations, faith-based institutions. Healthcare systems and other investors accepting concessionary…
$1,077,066 spent$281,657 earned by the program100% of program spending
The program described on its FY2023 Form 990. Program spending in total: $1,077,066.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $13M to $15M (+17%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
76% of SHARED INTEREST INC’s revenue is contributions — more earned-revenue than three-quarters of its peers (97% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 4 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Ann Mcmikel
Executive director
Board chair
Sharron Mcpherson
Director & chair
As listed on its FY2024 Form 990.
The chief executive listed changed between the FY2020 and FY2021 filings.
Who funds it, year by year
2017 → 2023: the base narrowed from 16 funders to 11 funders, grant income fell $696k → $294k.
16 of 42 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 61% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of SHARED INTEREST INC’s funders (the co-funder graph). Top 30 of 42 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
SHARED INTEREST INC has a broad base — no single funder exceeds 29% of grant income, and it takes 3 funders to reach half.
the vertical line marks half of all grant income — 3 funders to its left
65% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund SHARED INTEREST INC.
Largest funder’s share by year: 2017 31% · 2018 39% · 2019 40% · 2020 61% · 2021 58% · 2022 43% · 2023 62% — growing more concentrated.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
31% of SHARED INTEREST INC's funders are still giving 3 years after their first grant; 57% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
61% of SHARED INTEREST INC's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $1.7M that is directly attributable, 76% of it comes from funders outside New York, across 16 states.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $2.7M arriving through sponsors registered in 11 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
SHARED INTEREST INC is better cushioned than half of the 1,607 international nonprofits its size.
this organization peer median middle 50% of peers· 1,607 international nonprofits $1M–$10M, FY2024
Organizations like SHARED INTEREST INC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In New York
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
78% of spending goes to programs.
Governance
Public support
88%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for SHARED INTEREST INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds SHARED INTEREST INC?
- SHARED INTEREST INC (New York) receives grants from 42 organizations whose IRS filings report $4,369,600 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($1,248,435). 24 of them have funded it in more than one year, and 61% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does SHARED INTEREST INC have?
- IRS filings report 42 organizations giving $4,369,600 in grants to SHARED INTEREST INC, 24 of which have funded it in more than one year.
- Who is the largest funder of SHARED INTEREST INC?
- FIDELITY INVESTMENTS CHARITABLE GIFT FUND is the largest funder on record, with $1,248,435 in grants. The full list of funders is on this page.
- How can an organization like SHARED INTEREST INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in New York. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Shared Interest →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 42 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing