Finger Lakes Independence Center

Analysis

Finger Lakes Independence Center is a registered charity in United States, based in Ithaca, NY. It received its IRS tax-exemption ruling in August 1992, 34 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 June 2023, Finger Lakes Independence Center reported income of $5.1m and spending of $5.3m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.2m to $5.1m (+23%), an average of +5.3% a year. The sharpest change came in the year to June 2020, when income rose by 28%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Finger Lakes Independence Center sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Kingman County Retirement Home Association ($5.1m), Sunset Home Inc ($5.1m) and Martin-Boyd Christian Home Inc ($5.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.2% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $111k (2.1% of expenses). Other salaries and wages came to $4.4m. At year end it held assets of $4.3m against liabilities of $43k, net assets of $4.3m. It reported 314 employees.