Cof Independent Living Inc

Analysis

Cof Independent Living Inc is a registered charity in United States, based in Ottawa, KS. It received its IRS tax-exemption ruling in April 1991, 35 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Cof Independent Living Inc reported income of $570k and spending of $685k, spending 120% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $464k to $570k (+23%), an average of +5.3% a year. The sharpest change came in the year to June 2022, when income rose by 21%. Over the whole period it spent 115% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cof Independent Living Inc sits at the 61st percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within KS. Charities of a similar size with the same main cause include Meadow Lane Housing Development Fund Company Inc ($570k), Rock Hill Elderly Housing Inc ($570k) and Three Rivers Housing Development Corporation ($570k).

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 $885k against liabilities of $2.4m, net assets of -$1.5m.