Sharecare of Leelanau Inc

Analysis

Sharecare of Leelanau Inc is a registered charity in United States, based in Suttons Bay, MI. It received its IRS tax-exemption ruling in November 1993, 33 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sharecare of Leelanau Inc reported income of $199k and spending of $272k, spending 137% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $215k to $199k (-7.5%), an average of -1.9% a year. The sharpest change came in the year to December 2022, when income dropped by 42%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sharecare of Leelanau Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 53rd percentile within MI. Charities of a similar size with the same main cause include The Surayya Anne Foundation ($199k), Never Too Late Inc ($199k) and Life Renewal Inc ($199k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $39k (14% of expenses). Other salaries and wages came to $115k. At year end it held assets of $321k against liabilities of $12k, net assets of $309k. It reported 6 employees.