Independent Living Apartments of Ulster County Inc

Analysis

Independent Living Apartments of Ulster County Inc is a registered charity in United States, based in Lake Katrine, NY. It received its IRS tax-exemption ruling in August 1984, 42 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Independent Living Apartments of Ulster County Inc reported income of $75k and spending of $92k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $68k to $75k (+11%), an average of +2.6% a year. The sharpest change came in the year to December 2023, when income rose by 32%. Over the whole period it spent 117% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Independent Living Apartments of Ulster County Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 30th percentile within NY. Charities of a similar size with the same main cause include Philippine Nurses Association of Metropolitan D C Inc ($75k), Champion Cares Foundation ($75k) and Community & Family Support Inc ($75k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $200k against liabilities of $419k, net assets of -$218k.

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.