Cafe of Life Inc

Analysis

Cafe of Life Inc is a registered charity in United States, based in Bonita SPGS, FL. It received its IRS tax-exemption ruling in August 2002, 24 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 June 2023, Cafe of Life Inc reported income of $1.4m and spending of $1.1m, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $734k to $1.4m (+90%), an average of +17% a year. The sharpest change came in the year to June 2023, when income rose by 42%. Over the whole period it spent 79% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cafe of Life Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within FL. Charities of a similar size with the same main cause include Lomita Kiwanis Gardens Inc ($1.4m), Geneva Plaza Inc ($1.4m) and Saint Cecilias House Inc ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $69k (6.0% of expenses). Other salaries and wages came to $192k. At year end it held assets of $2.7m against liabilities of $17k, net assets of $2.7m. It reported 6 employees.