Tri-County Independent Living Center Inc

Analysis

Tri-County Independent Living Center Inc is a registered charity in United States, based in Akron, OH. It received its IRS tax-exemption ruling in April 1987, 39 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Tri-County Independent Living Center Inc reported income of $657k and spending of $640k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $451k to $657k (+46%), an average of +9.9% a year. The sharpest change came in the year to December 2020, when income rose by 50%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Tri-County Independent Living Center Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within OH. Charities of a similar size with the same main cause include Lend a Hand Foundation Inc of Northern California ($657k), Care Center of Loveland ($657k) and Illinois Science and Technology Institute ($657k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $67k (10% of expenses). Other salaries and wages came to $193k. At year end it held assets of $1.2m against liabilities of $130k, net assets of $1.0m. It reported 7 employees.