Foundation for Independent Living Inc

Analysis

Foundation for Independent Living Inc is a registered charity in United States, based in Coconut Creek, FL. It received its IRS tax-exemption ruling in February 1987, 39 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Foundation for Independent Living Inc reported income of $2.4m and spending of $2.4m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.9m to $2.4m (-20%), an average of -5.3% a year. The sharpest change came in the year to December 2020, when income dropped by 44%. Over the whole period it spent 96% 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 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within FL. Charities of a similar size with the same main cause include Sowela Technical Community College Foundation ($2.4m), Integrated Health Center ($2.4m) and Holbrook Ems Inc ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.9% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $105k (4.3% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $2.0m against liabilities of $376k, net assets of $1.7m. It reported 38 employees.