Foundation for Independent Living Inc

Analysis

Foundation for Independent Living Inc is a registered charity in United States, based in Huntington, WV. It received its IRS tax-exemption ruling in April 1994, 32 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Foundation for Independent Living Inc reported income of $326k and spending of $299k, spending 92% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $730k to $326k (-55%), an average of -18% a year. The sharpest change came in the year to September 2020, when income dropped by 80%. Over the whole period it spent 68% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Foundation for Independent Living Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within WV. Charities of a similar size with the same main cause include Greenville Township Volunteer Ambulance Corps Inc ($326k), Habitat for Humanity International Inc ($326k) and Global One80 ($326k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.2% and program service revenue 78% of the total. Other salaries and wages came to $160k. At year end it held assets of $948k against liabilities of $726k, net assets of $223k. It reported 13 employees.