Housing for Independent Living Incorporated

Analysis

Housing for Independent Living Incorporated is a registered charity in United States, based in Kingston, MA. It received its IRS tax-exemption ruling in July 1979, 47 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 2024, Housing for Independent Living Incorporated reported income of $2.8m and spending of $970k, leaving 65% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.1m to $2.8m (+165%), an average of +28% a year. The sharpest change came in the year to June 2024, when income rose by 150%. Over the whole period it spent 78% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing for Independent Living Incorporated sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 87th percentile within MA. Charities of a similar size with the same main cause include Affordable Housing Management Inc ($2.8m), St Francis Commons Inc ($2.8m) and First Montclair Housing Corporation I Inc ($2.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 20% and program service revenue 8.9% of the total. At year end it held assets of $29k against liabilities of $29k, net assets of $0.