CLC Independent Living Inc

Analysis

CLC Independent Living Inc is a registered charity in United States, based in Spartanburg, SC. It received its IRS tax-exemption ruling in September 1989, 37 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 June 2023, CLC Independent Living Inc reported income of $65k and spending of $83k, spending 128% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $67k to $65k (-2.3%), an average of -0.8% a year. Over the whole period it spent 115% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, CLC Independent Living Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 32nd percentile within SC. Charities of a similar size with the same main cause include Lutheran Service Society Foundation ($65k), Oregon Korean Foundation ($65k) and Muskegon Big Red Athletic Foundation Inc ($65k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 33% and program service revenue 67% of the total. Other salaries and wages came to $5,919. At year end it held assets of $217k against liabilities of $475k, net assets of -$258k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.