Independent Living of Greenbrier Inc

Analysis

Independent Living of Greenbrier Inc is a registered charity in United States, based in Conway, AR. It received its IRS tax-exemption ruling in February 2001, 25 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 of Greenbrier Inc reported income of $111k and spending of $155k, spending 140% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $107k to $111k (+4.3%), an average of +1.1% a year. Over the whole period it spent 127% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Independent Living of Greenbrier Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 38th percentile within AR. Charities of a similar size with the same main cause include West Orange Senior Citizens Housing Assn ($111k), Sheltering Arms Housing Corporation ($111k) and Thomaston Meadows Inc ($111k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 97% of the total. Other salaries and wages came to $49k. At year end it held assets of $541k against liabilities of $1.2m, net assets of -$660k.

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.