Living Independently Forever Inc

Analysis

Living Independently Forever Inc is a registered charity in United States, based in Hyannis, MA. It received its IRS tax-exemption ruling in January 1993, 33 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2023, Living Independently Forever Inc reported income of $12.1m and spending of $12.5m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.7m to $12.1m (+58%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 23%. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Living Independently Forever Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MA. Charities of a similar size with the same main cause include Harborlight Community Partners ($12.1m), District Alliance for Safe Housing Inc ($12.1m) and Greater Birmingham Habitat for Humanity Inc ($12.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 71% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $438k (3.5% of expenses). Other salaries and wages came to $6.8m. At year end it held assets of $13.0m against liabilities of $2.9m, net assets of $10.1m. It reported 222 employees.