The charity, founded in 2009 by Jennifer Pierce, matched donated shoes with people in need who can’t afford to buy them.
But the Secretary of State said its investigation revealed the organization took in $864,388 in contributions in fiscal year 2010, yet had $817,602 in expenses.
It also referenced an ABC11 I-Team report last year in which we revealed Share Our Shoes was actually selling large amounts of its donations, and not distributing them.
In its license revocation order, the Secretary of State's office said: "Share Our Shoes has failed to apply contributions in a manner substantially consistent with the manner for which they were solicited."
Last week, ABC11 reported Pierce told us she has left the organization.