Shady Acres Independent Living for Mentally Challenged Adults Inc

Analysis

Shady Acres Independent Living for Mentally Challenged Adults Inc is a registered charity in United States, based in Ocala, FL. It received its IRS tax-exemption ruling in April 1995, 31 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 September 2023, Shady Acres Independent Living for Mentally Challenged Adults Inc reported income of $146k and spending of $168k, spending 115% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $134k to $146k (+9.2%), an average of +2.2% a year. The sharpest change came in the year to September 2023, when income rose by 110%. Over the whole period it spent 108% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Shady Acres Independent Living for Mentally Challenged Adults Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 50th percentile within FL. Charities of a similar size with the same main cause include Prairie View Villas No 1 ($146k), Totus Tuus Foundation ($146k) and Thi-4 ($146k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 88% of the total. At year end it held assets of $578k against liabilities of $1,524, net assets of $576k.