Independent Living Choices

Analysis

Independent Living Choices is a registered charity in United States, based in Sioux Falls, SD. It received its IRS tax-exemption ruling in February 1985, 41 years ago. 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 Living Choices reported income of $4.7m and spending of $4.6m, spending 96% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.6m to $4.7m (+30%), an average of +6.8% a year. The sharpest change came in the year to September 2022, when income rose by 18%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Independent Living Choices 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 92nd percentile, and in the 91st percentile within SD. Charities of a similar size with the same main cause include Gan Day Care Center ($4.7m), Habitat for Humanity in the Roanoke Valley Inc ($4.7m) and Credit Builders Alliance Inc ($4.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 51% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $140k (3.1% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $5.6m against liabilities of $132k, net assets of $5.5m. It reported 149 employees.