Superior Living Foundation Inc

Analysis

Superior Living Foundation Inc is a registered charity in United States, based in McLean, VA. It received its IRS tax-exemption ruling in June 2018, 8 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Superior Living Foundation Inc reported income of $10.8m and spending of $12.0m, spending 112% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $1.0m to $10.8m (+954%), an average of +225% a year. The sharpest change came in the year to December 2022, when income rose by 296%. Over the whole period it spent 121% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Superior Living Foundation Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within VA. Charities of a similar size with the same main cause include St Jude Inc ($10.8m), Avesta Housing Development Corporation ($10.8m) and Reach for Your Potential Inc ($10.7m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $4.4m. At year end it held assets of $33.3m against liabilities of $37.5m, net assets of -$4.3m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.