Independent Lifestyles Inc - a Center for Independent Living

Analysis

Independent Lifestyles Inc - a Center for Independent Living is a registered charity in United States, based in Sauk Rapids, MN. It received its IRS tax-exemption ruling in June 1997, 29 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 September 2023, Independent Lifestyles Inc - a Center for Independent Living reported income of $6.0m and spending of $5.6m, spending 93% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $4.4m to $6.0m (+36%), an average of +8.0% a year. The sharpest change came in the year to September 2023, when income rose by 26%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Independent Lifestyles Inc - a Center for Independent Living sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MN. Charities of a similar size with the same main cause include Life Message Inc ($6.0m), Cooperative Ministry ($6.0m) and Our Daily Bread Food Pantry ($6.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 24% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $199k (3.5% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $7.5m against liabilities of $657k, net assets of $6.9m. It reported 182 employees.