Silver Linings Recovery Residences Inc

Analysis

Silver Linings Recovery Residences Inc is a registered charity in United States, based in Lewisville, TX. It received its IRS tax-exemption ruling in July 2022, 4 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, Silver Linings Recovery Residences Inc reported income of $99k and spending of $105k, spending 106% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $60k to $99k (+65%), an average of +65% a year. The sharpest change came in the year to December 2023, when income rose by 65%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Silver Linings Recovery Residences Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 39th percentile within TX. Charities of a similar size with the same main cause include Hear US Inc ($99k), Odc Foundation Inc ($99k) and Forks Senior Center ($99k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 58% of the total. At year end it held assets of $3,544 against liabilities of $0, net assets of $3,544.