Sharing Life Community Outreach Inc

Analysis

Sharing Life Community Outreach Inc is a registered charity in United States, based in Mesquite, TX. It received its IRS tax-exemption ruling in August 2000, 26 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 September 2023, Sharing Life Community Outreach Inc reported income of $31.8m and spending of $25.8m, spending 81% of its income. Across the 6 years on record, from August 2019 to September 2023, income grew from $11.1m to $31.8m (+186%), an average of +23% a year. The sharpest change came in the year to September 2021, when income rose by 693%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sharing Life Community Outreach Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include The Seeing Eye Inc ($31.8m), Lifeline Youth & Family Services Inc ($31.8m) and Hospice of St Francis Inc ($31.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 98% and program service revenue 1.7% of the total. Compensation of current officers, directors and key employees was $115k (0.4% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $9.3m against liabilities of $863k, net assets of $8.4m. It reported 29 employees.