Stavros Center for Independent Living Inc

Analysis

Stavros Center for Independent Living Inc is a registered charity in United States, based in Amherst, MA. It received its IRS tax-exemption ruling in August 1975, 51 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 June 2023, Stavros Center for Independent Living Inc reported income of $9.1m and spending of $8.4m, spending 92% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $373.1m to $9.1m (-98%), an average of -71% a year. The sharpest change came in the year to June 2023, when income dropped by 96%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Stavros Center for Independent Living Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MA. Charities of a similar size with the same main cause include Appalachian Area Agency on Aging Inc ($9.1m), North Seattle Community College Foundation ($9.1m) and Whatcom Family Young Mens Christian Association ($9.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $131k (1.6% of expenses). Other salaries and wages came to $4.4m. At year end it held assets of $23.7m against liabilities of $4.1m, net assets of $19.7m. It reported 160 employees.