Glens Falls Independent Living Center Inc

Analysis

Glens Falls Independent Living Center Inc is a registered charity in United States, based in Queensbury, NY. It received its IRS tax-exemption ruling in November 1992, 34 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, Glens Falls Independent Living Center Inc reported income of $3.1m and spending of $3.0m, spending 97% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.5m to $3.1m (+22%), an average of +5.0% a year. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Glens Falls Independent Living Center Inc sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include Neighborhood Cooperative Ministries Inc ($3.1m), South Central Nebraska Area Agency on Aging ($3.1m) and Montana Health Research and Education Foundation Inc ($3.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 98% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $167k (5.6% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $1.9m against liabilities of $286k, net assets of $1.6m. It reported 46 employees.