Stable Life Services

Analysis

Stable Life Services is a registered charity in United States, based in Watsonville, CA. It received its IRS tax-exemption ruling in June 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Stable Life Services reported income of $1.1m and spending of $1.0m, spending 95% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $473k to $1.1m (+129%), an average of +32% a year. The sharpest change came in the year to December 2021, when income rose by 107%. 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, Stable Life Services sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Riverhouse Childrens Center Inc ($1.1m), Rockwood Residents Foundation ($1.1m) and Coddington Road Community ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $84k (8.2% of expenses). Other salaries and wages came to $650k. At year end it held assets of $444k against liabilities of $48k, net assets of $396k. It reported 73 employees.