Self Initiated Living Options Inc

Analysis

Self Initiated Living Options Inc is a registered charity in United States, based in Medford, NY. It received its IRS tax-exemption ruling in August 1986, 40 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, Self Initiated Living Options Inc reported income of $4.6m and spending of $4.7m, spending 101% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.1m to $4.6m (+48%), an average of +10% a year. The sharpest change came in the year to September 2020, when income rose by 18%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Self Initiated Living Options Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Dallas-Fort Worth Hospital Council Education and Research Foundation ($4.6m), Harvest Against Hunger ($4.6m) and Islamic Education Foundation of New Jersey Inc ($4.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 97% and program service revenue 2.7% of the total. Compensation of current officers, directors and key employees was $102k (2.2% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $5.7m against liabilities of $5.5m, net assets of $234k. It reported 79 employees.