Corporation for Independent Living

Analysis

Corporation for Independent Living is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in August 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Corporation for Independent Living reported income of $2.5m and spending of $4.2m, spending 167% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.8m to $2.5m (+40%), an average of +6.9% a year. The sharpest change came in the year to June 2022, when income rose by 364%. Over the whole period it spent 270% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Corporation for Independent Living sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 86th percentile within CT. Charities of a similar size with the same main cause include Willie Youngs Home for Young Men Inc ($2.5m), Elderhelp of San Diego ($2.5m) and Cincinnati Union Bethel ($2.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 17% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $873k (21% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $22.2m against liabilities of $45.6m, net assets of -$23.4m. It reported 21 employees.

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.