Precious Life Shelter Inc

Analysis

Precious Life Shelter Inc is a registered charity in United States, based in Los Alamitos, CA. It received its IRS tax-exemption ruling in May 1976, 50 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, Precious Life Shelter Inc reported income of $1.4m and spending of $1.3m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.6m to $1.4m (-13%), an average of -3.3% a year. The sharpest change came in the year to December 2022, when income rose by 38%. Over the whole period it spent 78% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Precious Life Shelter Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include Youth Contact ($1.4m), Civic Center of Moreau Inc ($1.4m) and Lussier Community Education Center Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 3.3% of the total. Compensation of current officers, directors and key employees was $176k (14% of expenses). Other salaries and wages came to $477k. At year end it held assets of $5.9m against liabilities of $249k, net assets of $5.6m. It reported 22 employees.