Shoals Sav-A-Life Inc

Analysis

Shoals Sav-A-Life Inc is a registered charity in United States, based in Florence, AL. It received its IRS tax-exemption ruling in March 1996, 30 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Shoals Sav-A-Life Inc reported income of $416k and spending of $411k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $444k to $416k (-6.5%), an average of -1.7% a year. The sharpest change came in the year to December 2021, when income rose by 27%. Over the whole period it spent 89% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Shoals Sav-A-Life Inc sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 70th percentile within AL. Charities of a similar size with the same main cause include Harvest Family Life Ministries ($416k), Lighthouse Ministries Inc ($416k) and A Ray of Hope on Earth ($415k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $263k. At year end it held assets of $938k against liabilities of $6,422, net assets of $932k. It reported 8 employees.