Toward Independent Living & Learning Inc

Analysis

Toward Independent Living & Learning Inc is a registered charity in United States, based in Dedham, MA. It received its IRS tax-exemption ruling in November 1979, 47 years ago. 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 June 2023, Toward Independent Living & Learning Inc reported income of $69.5m and spending of $58.2m, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $56.0m to $69.5m (+24%), an average of +5.5% a year. The sharpest change came in the year to June 2022, when income rose by 20%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Toward Independent Living & Learning Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MA. Charities of a similar size with the same main cause include Capital Impact Partners ($69.4m), Augustana Care ($69.5m) and National Council on Aging Inc ($69.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $484k (0.8% of expenses). Other salaries and wages came to $37.2m. At year end it held assets of $112.6m against liabilities of $13.6m, net assets of $98.9m. It reported 972 employees.