Spirit Life

Analysis

Spirit Life is a registered charity in United States, based in Morrison, CO. It received its IRS tax-exemption ruling in April 1985, 41 years ago. 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, Spirit Life reported income of $402k and spending of $234k, leaving 42% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $26k to $402k (+1452%), an average of +73% a year. The sharpest change came in the year to December 2023, when income rose by 337%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Spirit Life sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 64th percentile within CO. Charities of a similar size with the same main cause include Alcoholics Anonymous Orange County Intergroup Asso ($402k), Newby-Ginnings of North Idaho Inc ($402k) and Finney County United Way ($402k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% of the total. Compensation of current officers, directors and key employees was $24k (10% of expenses). At year end it held assets of $1.5m against liabilities of $2,600, net assets of $1.5m.