Northeast Independent Living Program Inc

Analysis

Northeast Independent Living Program Inc is a registered charity in United States, based in Lawrence, MA. It received its IRS tax-exemption ruling in December 1981, 45 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Northeast Independent Living Program Inc reported income of $6.8m and spending of $6.6m, spending 97% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $5.3m to $6.8m (+29%), an average of +6.5% a year. The sharpest change came in the year to June 2022, when income rose by 15%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Northeast Independent Living Program Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within MA. Charities of a similar size with the same main cause include United Methodist Community House ($6.8m), Beth Jacob Day Care Center Inc ($6.8m) and Bidwell Training Center Inc ($6.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.8% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $604k (9.2% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $6.3m against liabilities of $1.3m, net assets of $5.0m. It reported 104 employees.