Living Independently for the Elderly Inc

Analysis

Living Independently for the Elderly Inc is a registered charity in United States, based in Croton on Hudson, NY. It received its IRS tax-exemption ruling in September 1982, 44 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 December 2023, Living Independently for the Elderly Inc reported income of $4.9m and spending of $6.2m, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.7m to $4.9m (-14%), an average of -3.8% a year. The sharpest change came in the year to December 2021, when income dropped by 22%. Over the whole period it spent 110% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Living Independently for the Elderly Inc sits at the 90th percentile: it is larger than about 90% 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 Everyone Cooperating to Help Others Inc ($4.9m), Jolly Baby Center ($4.9m) and Your Access Advocates Inc ($4.9m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. Compensation of current officers, directors and key employees was $236k (3.8% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $5.8m against liabilities of $9.9m, net assets of -$4.0m. It reported 66 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.