Illinois Network of Centers for Independent Living

Analysis

Illinois Network of Centers for Independent Living is a registered charity in United States, based in Springfield, IL. It received its IRS tax-exemption ruling in August 1997, 29 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Illinois Network of Centers for Independent Living reported income of $2.6m and spending of $2.6m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $2.6m (+67%), an average of +14% a year. The sharpest change came in the year to June 2020, when income rose by 102%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Illinois Network of Centers for Independent Living sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within IL. Charities of a similar size with the same main cause include Foundation for Sarcoidosis Research ($2.6m), Learningquest-Stanislaus Literacy Centers ($2.6m) and Feed Israel ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.2% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $75k (2.9% of expenses). Other salaries and wages came to $168k. At year end it held assets of $783k against liabilities of $621k, net assets of $162k. It reported 6 employees.