Southeast Center for Independent Living Inc

Analysis

Southeast Center for Independent Living Inc is a registered charity in United States, based in Fall River, MA. It received its IRS tax-exemption ruling in August 1987, 39 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, Southeast Center for Independent Living Inc reported income of $1.8m and spending of $1.8m, spending 98% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.4m to $1.8m (+33%), an average of +7.5% a year. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Southeast Center for Independent Living Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within MA. Charities of a similar size with the same main cause include Neighborhood Housing Services of Hamilton Inc ($1.8m), Hosanna Heartland ($1.8m) and Charleston Medical Center Housing Corporation ($1.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $147k (8.2% of expenses). Other salaries and wages came to $923k. At year end it held assets of $787k against liabilities of $308k, net assets of $480k. It reported 60 employees.