Advanced Living Inc

Analysis

Advanced Living Inc is a registered charity in United States, based in Lansdale, PA. It received its IRS tax-exemption ruling in July 1965, 61 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, Advanced Living Inc reported income of $3.5m and spending of $4.1m, spending 119% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.8m to $3.5m (+24%), an average of +5.4% a year. The sharpest change came in the year to June 2022, when income rose by 16%. Over the whole period it spent 107% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Advanced Living Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within PA. Charities of a similar size with the same main cause include Shelter Solano Inc ($3.5m), Vermont Center for Independent Living Vcil ($3.5m) and Manchester Neighborhood Housing Services Inc ($3.5m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $826k. At year end it held assets of $9.9m against liabilities of $16.2m, net assets of -$6.2m.