Independent Living for Seniors Inc

Analysis

Independent Living for Seniors Inc is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in January 1996, 30 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Independent Living for Seniors Inc reported income of $99.4m and spending of $85.2m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $74.2m to $99.4m (+34%), an average of +7.6% a year. Over the whole period it spent 90% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Independent Living for Seniors Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include Hexagon Foundation ($95.9m), Intervarsity Christian Fellowship- USA ($104.4m) and Eternal Word Television Network Inc ($80.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.9% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $455k (0.5% of expenses). Other salaries and wages came to $19.7m. At year end it held assets of $81.5m against liabilities of $19.9m, net assets of $61.6m. It reported 378 employees.