Spa Area Independent Living Services Inc

Analysis

Spa Area Independent Living Services Inc is a registered charity in United States, based in Hot Springs, AR. It received its IRS tax-exemption ruling in December 1990, 36 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, Spa Area Independent Living Services Inc reported income of $882k and spending of $1.1m, spending 126% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.0m to $882k (-12%), an average of -3.2% a year. The sharpest change came in the year to September 2023, when income dropped by 18%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Spa Area Independent Living Services Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within AR. Charities of a similar size with the same main cause include Dallas Community Lighthouse ($882k), Bowie Interfaith Pantry and Emergency Aid Fund Inc ($882k) and Midori Housing Corporation ($882k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $105k (9.5% of expenses). Other salaries and wages came to $441k. At year end it held assets of $30k against liabilities of $74k, net assets of -$44k. It reported 22 employees.