Independent Living Horizons Fifteen Inc

Analysis

Independent Living Horizons Fifteen Inc is a registered charity in United States, based in Augusta, GA. It received its IRS tax-exemption ruling in June 2012, 14 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 Horizons Fifteen Inc reported income of $97k and spending of $152k, spending 157% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $77k to $97k (+26%), an average of +5.9% a year. The sharpest change came in the year to June 2023, when income rose by 18%. Over the whole period it spent 172% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Independent Living Horizons Fifteen Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 38th percentile within GA. Charities of a similar size with the same main cause include The Friends Foundation ($97k), Southwest Florida Gwi Housing IV Inc ($97k) and Moshannon Housing Corporation ($97k).

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 $1.1m against liabilities of $1.7m, net assets of -$579k.

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.