Independent Living Horizons Six Inc

Analysis

Independent Living Horizons Six Inc is a registered charity in United States, based in Augusta, GA. It received its IRS tax-exemption ruling in July 1998, 28 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Independent Living Horizons Six Inc reported income of $357k and spending of $455k, spending 128% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $273k to $357k (+31%), an average of +6.9% a year. The sharpest change came in the year to June 2023, when income rose by 18%. Over the whole period it spent 129% 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 Six Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 69th percentile within GA. Charities of a similar size with the same main cause include West End Elderly Housing Corporation ($357k), RVM Myrtle Creek Housing Corporation ($357k) and Tamalpais Pacific ($356k).

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 $708k against liabilities of $2.5m, net assets of -$1.8m.

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.