Independent Living Horizons Three Inc

Analysis

Independent Living Horizons Three Inc is a registered charity in United States, based in Augusta, GA. It received its IRS tax-exemption ruling in January 1995, 31 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Independent Living Horizons Three Inc reported income of $61k and spending of $82k, spending 136% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $45k to $61k (+35%), an average of +7.7% a year. The sharpest change came in the year to June 2022, when income rose by 70%. Over the whole period it spent 160% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Independent Living Horizons Three Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 24th percentile within GA. Charities of a similar size with the same main cause include Women in Hospitality United Inc ($61k), Makoti Threshers Association ($61k) and HWC Foundation ($61k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $37k against liabilities of $346k, net assets of -$309k.

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.