Life Concepts Independent Living Inc

Analysis

Life Concepts Independent Living Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in August 1990, 36 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 June 2023, Life Concepts Independent Living Inc reported income of $81k and spending of $141k, spending 174% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $98k to $81k (-17%), an average of -4.6% a year. The sharpest change came in the year to June 2022, when income dropped by 15%. Over the whole period it spent 144% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Life Concepts Independent Living Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 35th percentile within FL. Charities of a similar size with the same main cause include Care Share Mission of San Jacinto County Inc ($81k), Northern Area Aquatics Committee ($81k) and Mississippi Gulf Coast Ballet Theatre ($81k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 65% and program service revenue 32% of the total. At year end it held assets of $400k against liabilities of $66k, net assets of $334k.

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.