Independent Living Community Services Inc

Analysis

Independent Living Community Services Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in December 2004, 22 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2020, Independent Living Community Services Inc reported income of $227k and spending of $199k, spending 88% of its income. Across the 2 years on record, from December 2019 to December 2020, income fell from $379k to $227k (-40%), an average of -40% a year. The sharpest change came in the year to December 2020, when income dropped by 40%. Over the whole period it spent 91% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Independent Living Community Services Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 60th percentile within FL. Charities of a similar size with the same main cause include Mount Zion Community Development Inc ($227k), Fairmont Place Housing Development Fund Corporation ($227k) and Who-Wheeler Housing Opportunity Foundation ($227k).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $45k. At year end it held assets of $67k against liabilities of $1,005, net assets of $66k. It reported 3 employees.