Independent Living Horizons Seven Inc

Analysis

Independent Living Horizons Seven Inc is a registered charity in United States, based in Augusta, GA. It received its IRS tax-exemption ruling in May 1999, 27 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Seven Inc reported income of $94k and spending of $123k, spending 130% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $70k to $94k (+35%), an average of +7.7% a year. The sharpest change came in the year to June 2023, when income rose by 25%. Over the whole period it spent 136% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Independent Living Horizons Seven Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 37th percentile within GA. Charities of a similar size with the same main cause include Jackson Food Shelf Inc ($94k), Plano Area Chapter National Charity League Inc ($94k) and Swan Center Outreach Inc ($94k).

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 $259k against liabilities of $761k, net assets of -$502k.

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.