Caring & Sharing Center for Independent Living Inc

Analysis

Caring & Sharing Center for Independent Living Inc is a registered charity in United States, based in Largo, FL. It received its IRS tax-exemption ruling in July 1992, 34 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 June 2023, Caring & Sharing Center for Independent Living Inc reported income of $1.1m and spending of $1.0m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $861k to $1.1m (+29%), an average of +6.5% a year. The sharpest change came in the year to June 2023, when income rose by 17%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Caring & Sharing Center for Independent Living 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 FL. Charities of a similar size with the same main cause include Fair & Balanced of Pa Inc ($1.1m), Greater Portland Family Promise ($1.1m) and Reset to Success Foundation Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $67k (6.5% of expenses). Other salaries and wages came to $339k. At year end it held assets of $604k against liabilities of $25k, net assets of $578k. It reported 13 employees.