Independent Lifestyles Inc

Analysis

Independent Lifestyles Inc is a registered charity in United States, based in Waycross, GA. It received its IRS tax-exemption ruling in April 1990, 36 years ago. The IRS classifies it as a suspense under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Independent Lifestyles Inc reported income of $192k and spending of $265k, spending 138% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $232k to $192k (-17%), an average of -4.6% a year. Over the whole period it spent 127% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Independent Lifestyles Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 56th percentile within GA. Charities of a similar size with the same main cause include Lookout Fire Co 1 ($192k), Lacey Soccer Club Inc ($192k) and Threepenny Review ($192k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $33k. At year end it held assets of $1.2m against liabilities of $2.3m, net assets of -$1.1m.

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.