Independent Living Center of the Hudson Valley Inc

Analysis

Independent Living Center of the Hudson Valley Inc is a registered charity in United States, based in Troy, NY. It received its IRS tax-exemption ruling in November 1988, 38 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 Center of the Hudson Valley Inc reported income of $8.7m and spending of $7.4m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.6m to $8.7m (+89%), an average of +17% a year. The sharpest change came in the year to December 2020, when income rose by 33%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Independent Living Center of the Hudson Valley Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include Unified Vailsburg Services ($8.7m), American Lutheran Homes Inc ($8.7m) and A Better Chicago ($8.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $108k (1.4% of expenses). Other salaries and wages came to $5.7m. At year end it held assets of $5.7m against liabilities of $464k, net assets of $5.2m. It reported 378 employees.