Simple Living Inc

Simple Living Inc. faces recurring deficits and declining assets despite zero officer compensation.

EIN: 141900290 · Amesbury, MA · NTEE: F20 · Updated: 2026-03-28

$266KRevenue

$616KAssets

65/100Mission Score (Good)

F20

About Simple Living Inc

Simple Living Inc (EIN: 141900290) is a nonprofit organization based in Amesbury, MA, classified under NTEE code F20. The organization reported total revenue of $266K and total assets of $616K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Simple Living Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Simple Living Inc. demonstrates a mixed financial picture. While the organization consistently reports 0% officer compensation, indicating good transparency regarding executive pay, its financial stability has fluctuated significantly. In fiscal year 2023, expenses ($299,995) exceeded revenue ($280,312), leading to a deficit. This trend of expenses often outpacing revenue is visible in multiple years, such as 2021 ($262,537 expenses vs. $223,395 revenue) and 2018 (a significant -$125,554 revenue against $302,546 expenses). 

The organization's assets have also seen a substantial decline over time, from a high of $1,515,952 in 2015 to $550,846 in 2023, while liabilities have generally remained high relative to assets in recent years, such as $382,657 in liabilities against $550,846 in assets in 2023. This suggests potential long-term financial challenges and a reliance on existing assets or future funding to cover operational costs. The lack of detailed expense breakdowns in the provided data makes a precise assessment of spending efficiency challenging beyond the general revenue-expense relationship.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Simple Living Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 15%
programs: 75%
fundraising: 10%

According to IRS 990 filings, Simple Living Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported at 0% across all available filings, which is commendable for a nonprofit of its size ($266,232 latest revenue) and indicates that no portion of donor funds is directly allocated to officer salaries.

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 Simple Living Inc's IRS 990 filings:

Recurring deficits where expenses exceed revenue (e.g., 2023, 2021, 2018).
Significant decline in total assets over time (from $1,515,952 in 2015 to $550,846 in 2023).
High liabilities relative to assets in recent years (e.g., $382,657 liabilities vs. $550,846 assets in 2023).
Highly volatile revenue stream, including a negative revenue year in 2018.

Strengths

The following positive indicators were identified for Simple Living Inc:

Consistent reporting of 0% officer compensation, indicating strong transparency in executive pay.
Long filing history (13 filings), suggesting consistent compliance with IRS reporting requirements.

Frequently Asked Questions about Simple Living Inc

Is Simple Living Inc. financially stable?

Simple Living Inc. shows signs of financial instability, with expenses frequently exceeding revenue (e.g., $299,995 expenses vs. $280,312 revenue in 2023) and a significant decline in assets from $1,515,952 in 2015 to $550,846 in 2023.

How has Simple Living Inc.'s revenue trended?

Revenue has been highly volatile, ranging from a negative $125,554 in 2018 to a high of $696,725 in 2015, with the latest reported revenue at $280,312 in 2023, indicating an inconsistent funding stream.

What is the organization's approach to executive compensation?

The organization reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers.

Filing History

IRS 990 filing history for Simple Living Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Simple Living Inc's revenue has grown by 120.7%, moving from $127K to $280K. Total assets decreased by 23.9% over the same period, from $724K to $551K. Total functional expenses rose by 110.6%, from $142K to $300K. In its most recent filing year (2023), Simple Living Inc reported a deficit of $20K, with expenses exceeding revenue. The organization holds $383K in liabilities against $551K in assets (debt-to-asset ratio: 69.5%), resulting in net assets of $168K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$280K	$300K	$551K	$383K	—	—
2022	$619K	$270K	$613K	$419K	—	View 990
2021	$223K	$263K	$621K	$794K	—	View 990
2020	$244K	$278K	$662K	$811K	—	View 990
2019	$299K	$279K	$693K	$809K	—	View 990
2018	$-125,554	$303K	$690K	$826K	—	View 990
2017	$297K	$303K	$1.4M	$1.1M	—	View 990
2016	$331K	$349K	$1.5M	$1.2M	—	View 990
2015	$697K	$350K	$1.5M	$1.2M	—	View 990
2014	$239K	$245K	$1.1M	$1.1M	—	View 990
2013	$205K	$202K	$780K	$801K	—	View 990
2012	$233K	$178K	$803K	$827K	—	View 990
2011	$127K	$142K	$724K	$803K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $280K, expenses of $300K, and assets of $551K (revenue -54.7% year-over-year).
2022: Revenue of $619K, expenses of $270K, and assets of $613K (revenue +177.1% year-over-year).
2021: Revenue of $223K, expenses of $263K, and assets of $621K (revenue -8.4% year-over-year).
2020: Revenue of $244K, expenses of $278K, and assets of $662K (revenue -18.5% year-over-year).
2019: Revenue of $299K, expenses of $279K, and assets of $693K.
2018: Revenue of $-125,554, expenses of $303K, and assets of $690K (revenue -142.2% year-over-year).
2017: Revenue of $297K, expenses of $303K, and assets of $1.4M (revenue -10.1% year-over-year).
2016: Revenue of $331K, expenses of $349K, and assets of $1.5M (revenue -52.6% year-over-year).
2015: Revenue of $697K, expenses of $350K, and assets of $1.5M (revenue +191.7% year-over-year).
2014: Revenue of $239K, expenses of $245K, and assets of $1.1M (revenue +16.6% year-over-year).
2013: Revenue of $205K, expenses of $202K, and assets of $780K (revenue -11.9% year-over-year).
2012: Revenue of $233K, expenses of $178K, and assets of $803K (revenue +83.3% year-over-year).
2011: Revenue of $127K, expenses of $142K, and assets of $724K.

Data Sources and Methodology

This transparency report for Simple Living Inc 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.