Independent Living Services Inc

Analysis

Independent Living Services Inc is a registered charity in United States, based in Conway, AR. It received its IRS tax-exemption ruling in January 1972, 54 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 June 2023, Independent Living Services Inc reported income of $12.7m and spending of $11.9m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.0m to $12.7m (+28%), an average of +6.3% a year. The sharpest change came in the year to June 2021, when income rose by 28%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Independent Living Services Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within AR. Charities of a similar size with the same main cause include Workforce Midsouth Inc ($12.7m), Christian Ophthalmic Surgery Expedition Network ($12.7m) and Tremont Monterey Day Care Center Inc ($12.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.3% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $134k (1.1% of expenses). Other salaries and wages came to $8.6m. At year end it held assets of $19.8m against liabilities of $2.3m, net assets of $17.6m. It reported 436 employees.