Compassion for Life Corporation

Analysis

Compassion for Life Corporation is a registered charity in United States, based in Elkton, MD. It received its IRS tax-exemption ruling in February 2021, 5 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 December 2023, Compassion for Life Corporation reported income of $336k and spending of $332k, spending 99% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $252k to $336k (+33%), an average of +16% a year. The sharpest change came in the year to December 2022, when income rose by 85%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Compassion for Life Corporation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within MD. Charities of a similar size with the same main cause include Monterey Peninsula District Council ($336k), Newburgh Urban Farm and Food Inc ($336k) and Sevatruck Foundation ($336k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $52k (16% of expenses). Other salaries and wages came to $54k. At year end it held assets of $187k against liabilities of $0, net assets of $187k. It reported 4 employees.