Independent Living Inc

Analysis

Independent Living Inc is a registered charity in United States, based in Newburgh, NY. It received its IRS tax-exemption ruling in October 1998, 28 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 Inc reported income of $9.5m and spending of $9.2m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.3m to $9.5m (+15%), an average of +3.6% a year. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Independent Living 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 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include The River Valley Regional Young Mens Christian Association ($9.5m), Ball Pavilion ($9.5m) and Iit Madras Foundation ($9.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 7.9% of the total. Compensation of current officers, directors and key employees was $389k (4.2% of expenses). Other salaries and wages came to $4.8m. At year end it held assets of $6.3m against liabilities of $3.0m, net assets of $3.4m. It reported 162 employees.