Spinal Cord Living Assistance Development Inc Sclad

Analysis

Spinal Cord Living Assistance Development Inc Sclad is a registered charity in United States, based in Hialeah, FL. It received its IRS tax-exemption ruling in March 1986, 40 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 December 2023, Spinal Cord Living Assistance Development Inc Sclad reported income of $907k and spending of $1.1m, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $621k to $907k (+46%), an average of +9.9% a year. The sharpest change came in the year to December 2020, when income rose by 60%. Over the whole period it spent 121% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Spinal Cord Living Assistance Development Inc Sclad 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 78th percentile, and in the 80th percentile within FL. Charities of a similar size with the same main cause include Labor Education and Community Services Agency Inc ($906k), Made Institute ($907k) and Selfhelp Foundation ($905k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.5% of the total. Other salaries and wages came to $349k. At year end it held assets of $11.5m against liabilities of $9.4m, net assets of $2.1m. It reported 8 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.