Independent Living Horizons Eleven Inc

Analysis

Independent Living Horizons Eleven Inc is a registered charity in United States, based in Augusta, GA. It received its IRS tax-exemption ruling in June 2009, 17 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 (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 Horizons Eleven Inc reported income of $124k and spending of $170k, spending 138% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $89k to $124k (+39%), an average of +8.6% a year. The sharpest change came in the year to June 2023, when income rose by 20%. Over the whole period it spent 149% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Independent Living Horizons Eleven Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 45th percentile within GA. Charities of a similar size with the same main cause include Narragansett Affordable Housing Inc ($124k), Indepedence Apartments Inc ($124k) and Open Door House ($124k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $939k against liabilities of $1.6m, net assets of -$642k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.