Independent Living Associates of the Muscle Shoals Area Inc

Analysis

Independent Living Associates of the Muscle Shoals Area Inc is a registered charity in United States, based in Florence, AL. It received its IRS tax-exemption ruling in November 1984, 42 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 2024, Independent Living Associates of the Muscle Shoals Area Inc reported income of $207k and spending of $209k, spending 101% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $184k to $207k (+12%), an average of +2.3% a year. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Independent Living Associates of the Muscle Shoals Area Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within AL. Charities of a similar size with the same main cause include Amarillo Senior Citizens Association Independence Village ($207k), W L Calvert Memorial Scholarship Trust ($207k) and Western Buckeye Christian Service Camp ($207k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 51% and program service revenue 49% of the total. Other salaries and wages came to $8,401. At year end it held assets of $365k against liabilities of $897k, net assets of -$532k.

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.