Indepent Living Authority of Rhode Island

Analysis

Indepent Living Authority of Rhode Island is a registered charity in United States, based in Pawtucket, RI. It received its IRS tax-exemption ruling in April 1990, 36 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 September 2023, Indepent Living Authority of Rhode Island reported income of $411k and spending of $508k, spending 124% of what it took in. Across the 4 years on record, from September 2020 to September 2023, income grew from $388k to $411k (+5.9%), an average of +1.9% a year. Over the whole period it spent 112% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Indepent Living Authority of Rhode Island sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 63rd percentile within RI. Charities of a similar size with the same main cause include S E M Manor Inc ($411k), Big Brothers Big Sisters of Jackson County Inc ($411k) and Youth Hockey Club of Eau Claire Inc ($411k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 66% and program service revenue 24% of the total. At year end it held assets of $1.1m against liabilities of $2.1m, net assets of -$1.0m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.