Independent Living Horizons Five Inc

Analysis

Independent Living Horizons Five 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 Five Inc reported income of $106k and spending of $135k, spending 128% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $78k to $106k (+36%), an average of +8.0% a year. The sharpest change came in the year to June 2021, when income rose by 20%. Over the whole period it spent 126% 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 Five Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 40th percentile within GA. Charities of a similar size with the same main cause include Hope at Miracle House ($106k), Community Residence for the Handicapped of Ulster Co Inc ($106k) and Sag Harbor Community Housing Trust Inc ($106k).

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 $219k against liabilities of $775k, net assets of -$556k.

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.