Simple Life Inc

Analysis

Simple Life Inc is a registered charity in United States, based in Sioux City, IA. It received its IRS tax-exemption ruling in June 2015, 11 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, Simple Life Inc reported income of $1.1m and spending of $1.0m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $709k to $1.1m (+49%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Simple Life Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within IA. Charities of a similar size with the same main cause include Project Renewal Domestic Violence Intervention Program Inc ($1.1m), Reach Advocacy Inc ($1.1m) and DMF Employment Opportunities Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.8% and program service revenue 95% of the total. Other salaries and wages came to $624k. At year end it held assets of $536k against liabilities of $308k, net assets of $229k. It reported 22 employees.