Independent Living Options Inc

Analysis

Independent Living Options Inc is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in December 1977, 49 years ago. 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 2024, Independent Living Options Inc reported income of $2.0m and spending of $2.2m, spending 110% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $2.4m to $2.0m (-20%), an average of -5.5% a year. The sharpest change came in the year to June 2023, when income dropped by 25%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Independent Living Options Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within OH. Charities of a similar size with the same main cause include Fair Shot Texas ($2.0m), Liberty Wildlife Inc ($2.0m) and Lighthouse Pregnancy Resource Center Inc ($2.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $86k (4.0% of expenses). Other salaries and wages came to $532k. At year end it held assets of $1.7m against liabilities of $306k, net assets of $1.4m. It reported 14 employees.

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.