Resources for Independent Living Inc

Analysis

Resources for Independent Living Inc is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in November 1985, 41 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, Resources for Independent Living Inc reported income of $1.3m and spending of $1.3m, spending 98% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.1m to $1.3m (+20%), an average of +4.6% a year. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Resources for Independent Living Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within VA. Charities of a similar size with the same main cause include Cba Fund ($1.3m), Valle Verde Childrens Center ($1.3m) and Children & Family Circle of Sonoma County ($1.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $100k (7.7% of expenses). Other salaries and wages came to $682k. At year end it held assets of $655k against liabilities of $611k, net assets of $43k. It reported 15 employees.