Share the Love Ocala Inc

Analysis

Share the Love Ocala Inc is a registered charity in United States, based in Ocala, FL. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Share the Love Ocala Inc reported income of $189k and spending of $247k, spending 130% of what it took in. Across the 3 years on record, from September 2021 to September 2023, income fell from $202k to $189k (-6.5%), an average of -3.3% a year. The sharpest change came in the year to September 2022, when income rose by 71%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Share the Love Ocala Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within FL. Charities of a similar size with the same main cause include Reach Out Orphanage Ministries ($189k), Next Step Farms ($189k) and Resource Office for Social Ministries Inc ($189k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $205k against liabilities of $4,139, net assets of $201k.