Independent Living Association Inc

Analysis

Independent Living Association Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in March 1986, 40 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 2023, Independent Living Association Inc reported income of $62.5m and spending of $63.6m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $48.7m to $62.5m (+28%), an average of +6.4% a year. The sharpest change came in the year to June 2022, when income rose by 27%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Independent Living Association Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include Hathaway-Sycamores Child and Family Services ($62.5m), Open Arms Care Corporation ($62.5m) and Young Mens Christian Association of Central Ohio ($62.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.1% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $1.2m (1.9% of expenses). Other salaries and wages came to $29.8m. At year end it held assets of $38.0m against liabilities of $17.8m, net assets of $20.3m. It reported 737 employees.