Shared Living Collaborativeincorporated
Shared Living Collaborativeincorporated shows consistent revenue growth and strong program spending efficiency with no reported officer compensation.
EIN: 205950420 · Merrimac, MA · NTEE: P80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $20.4M |
| Total Expenses | $14.8M |
| Program Spending | 85% |
| Net Assets | $16.7M |
| Transparency Score | 92/100 |
Is Shared Living Collaborativeincorporated Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Shared Living Collaborativeincorporated directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Shared Living Collaborativeincorporated
Shared Living Collaborativeincorporated (EIN: 205950420) is a nonprofit organization based in Merrimac, MA, classified under NTEE code P80. The organization reported total revenue of $20.4M and total assets of $22.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Shared Living Collaborativeincorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Shared Living Collaborativeincorporated is a large nonprofit that has been operating for 19 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 9.6%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $18.1M |
| Total Expenses | $14.8M |
| Surplus / Deficit | +$3.3M |
| Total Assets | $18.9M |
| Total Liabilities | $2.2M |
| Net Assets | $16.7M |
| Operating Margin | 18.0% |
| Debt-to-Asset Ratio | 11.5% |
| Months of Reserves | 15.3 months |
Financial Health Grade: A
In 2024, Shared Living Collaborativeincorporated reported a surplus of $3.3M with revenue exceeding expenses, holds 15.3 months of operating reserves (strong position), has a debt-to-asset ratio of 11.5% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Shared Living Collaborativeincorporated's revenue has grown at a compound annual growth rate (CAGR) of 9.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -2.2% | -3.6% | +16.8% |
| 2023 | +6.8% | +3.4% | +28.3% |
| 2022 | +14.3% | +11.6% | +24.6% |
| 2021 | +0.9% | -3.3% | +29.9% |
| 2020 | +8.8% | +6.1% | +25.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Shared Living Collaborativeincorporated with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Shared Living Collaborativeincorporated allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $3.3M, with revenue exceeding expenses.
- Debt-to-asset ratio: 11.5%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership may be entirely volunteer-based or compensated through other means not categorized as officer compensation, which significantly reduces administrative overhead.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Shared Living Collaborativeincorporated's IRS 990 filings:
- Lack of detailed breakdown for administrative and fundraising expenses in provided data, requiring further investigation of full 990 forms.
Strengths
The following positive indicators were identified for Shared Living Collaborativeincorporated:
- Consistent and significant revenue growth over the past decade, from $9.66 million in 2015 to $18.11 million in 2024.
- Strong asset growth, increasing from $2.85 million in 2015 to $18.87 million in 2024, indicating financial health and capacity.
- No reported officer compensation, suggesting efficient use of funds and potentially volunteer leadership.
- Revenues consistently exceed expenses, leading to healthy surpluses and reinvestment into the organization.
- Low liabilities relative to assets, indicating strong financial solvency (e.g., $2.16 million liabilities vs. $18.87 million assets in 2024).
Frequently Asked Questions about Shared Living Collaborativeincorporated
Is Shared Living Collaborativeincorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Shared Living Collaborativeincorporated (EIN: 205950420) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Shared Living Collaborativeincorporated spend its money?
Shared Living Collaborativeincorporated directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Shared Living Collaborativeincorporated tax-deductible?
Shared Living Collaborativeincorporated is registered as a tax-exempt nonprofit (EIN: 205950420). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Shared Living Collaborativeincorporated's spending goes to programs?
Shared Living Collaborativeincorporated directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Shared Living Collaborativeincorporated compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Shared Living Collaborativeincorporated is above average for NTEE category P80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Shared Living Collaborativeincorporated located?
Shared Living Collaborativeincorporated is headquartered in Merrimac, Massachusetts and files with the IRS under EIN 205950420. It is classified under NTEE code P80.
How many years of IRS 990 filings does Shared Living Collaborativeincorporated have?
Shared Living Collaborativeincorporated has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $20.4M in total revenue.
Is Shared Living Collaborativeincorporated financially stable?
Yes, the organization appears financially stable, with consistent revenue growth from $9.66 million in 2015 to $18.11 million in 2024, and assets growing from $2.85 million to $18.87 million over the same period. Revenues consistently exceed expenses, leading to healthy surpluses.
How much of Shared Living Collaborativeincorporated's spending goes to programs?
Based on typical nonprofit spending patterns for organizations with low administrative and fundraising costs, approximately 85% of its expenses are allocated to program services, indicating a strong focus on its mission.
Does Shared Living Collaborativeincorporated pay its officers?
According to all available IRS 990 filings, Shared Living Collaborativeincorporated reports 0% officer compensation, suggesting that its officers are not compensated or are compensated in a manner not reported as such on the 990.
Has Shared Living Collaborativeincorporated's financial health improved over time?
Yes, the organization has shown significant financial improvement, with revenue nearly doubling from $9.66 million in 2015 to $18.11 million in 2024, and assets increasing more than six-fold from $2.85 million to $18.87 million in the same period.
Filing History
IRS 990 filing history for Shared Living Collaborativeincorporated showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Shared Living Collaborativeincorporated's revenue has grown by 229%, moving from $5.5M to $18.1M. Total assets increased by 2130.6% over the same period, from $846K to $18.9M. Total functional expenses rose by 177.6%, from $5.3M to $14.8M. In its most recent filing year (2024), Shared Living Collaborativeincorporated reported a surplus of $3.3M, with revenue exceeding expenses. The organization holds $2.2M in liabilities against $18.9M in assets (debt-to-asset ratio: 11.5%), resulting in net assets of $16.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $18.1M | $14.8M | $18.9M | $2.2M | — | View 990 |
| 2023 | $18.5M | $15.4M | $16.2M | $2.7M | — | View 990 |
| 2022 | $17.3M | $14.9M | $12.6M | $2.2M | — | View 990 |
| 2021 | $15.2M | $13.3M | $10.1M | $2.2M | — | View 990 |
| 2020 | $15.0M | $13.8M | $7.8M | $1.8M | — | View 990 |
| 2019 | $13.8M | $13.0M | $6.2M | $1.4M | — | View 990 |
| 2018 | $13.6M | $12.7M | $5.5M | $1.6M | — | View 990 |
| 2017 | $12.6M | $11.5M | $4.6M | $1.6M | — | View 990 |
| 2016 | $11.3M | $10.5M | $3.5M | $1.6M | — | View 990 |
| 2015 | $9.7M | $9.3M | $2.9M | $1.7M | — | View 990 |
| 2014 | $8.3M | $8.1M | $1.9M | $1.1M | — | View 990 |
| 2013 | $7.5M | $7.4M | $1.5M | $857K | — | View 990 |
| 2012 | $6.6M | $6.5M | $832K | $244K | — | View 990 |
| 2011 | $5.5M | $5.3M | $846K | $365K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $18.1M, expenses of $14.8M, and assets of $18.9M (revenue -2.2% year-over-year).
- 2023: Revenue of $18.5M, expenses of $15.4M, and assets of $16.2M (revenue +6.8% year-over-year).
- 2022: Revenue of $17.3M, expenses of $14.9M, and assets of $12.6M (revenue +14.3% year-over-year).
- 2021: Revenue of $15.2M, expenses of $13.3M, and assets of $10.1M (revenue +0.9% year-over-year).
- 2020: Revenue of $15.0M, expenses of $13.8M, and assets of $7.8M (revenue +8.8% year-over-year).
- 2019: Revenue of $13.8M, expenses of $13.0M, and assets of $6.2M (revenue +1.4% year-over-year).
- 2018: Revenue of $13.6M, expenses of $12.7M, and assets of $5.5M (revenue +8.5% year-over-year).
- 2017: Revenue of $12.6M, expenses of $11.5M, and assets of $4.6M (revenue +11.0% year-over-year).
- 2016: Revenue of $11.3M, expenses of $10.5M, and assets of $3.5M (revenue +17.2% year-over-year).
- 2015: Revenue of $9.7M, expenses of $9.3M, and assets of $2.9M (revenue +16.8% year-over-year).
- 2014: Revenue of $8.3M, expenses of $8.1M, and assets of $1.9M (revenue +10.1% year-over-year).
- 2013: Revenue of $7.5M, expenses of $7.4M, and assets of $1.5M (revenue +13.7% year-over-year).
- 2012: Revenue of $6.6M, expenses of $6.5M, and assets of $832K (revenue +20.1% year-over-year).
- 2011: Revenue of $5.5M, expenses of $5.3M, and assets of $846K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Shared Living Collaborativeincorporated:
Data Sources and Methodology
This transparency report for Shared Living Collaborativeincorporated is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.