Independent Living Horizons Thirteen Inc

Analysis

Independent Living Horizons Thirteen 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 Thirteen Inc reported income of $241k and spending of $323k, spending 134% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $123k to $241k (+96%), an average of +18% a year. The sharpest change came in the year to June 2022, when income rose by 25%. Over the whole period it spent 154% 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 Thirteen Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 61st percentile within GA. Charities of a similar size with the same main cause include Columbia Community Housing Trust ($241k), Reach Apartments Inc ($242k) and Sands Horizon Inc II ($241k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $1.7m against liabilities of $2.7m, net assets of -$1.0m.

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.