Center for Independent Living of Broward Inc

Analysis

Center for Independent Living of Broward Inc is a registered charity in United States, based in Lauderdale Lakes, FL. It received its IRS tax-exemption ruling in March 1992, 34 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2023, Center for Independent Living of Broward Inc reported income of $3.3m and spending of $3.3m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.2m to $3.3m (+50%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 41%. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Center for Independent Living of Broward Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within FL. Charities of a similar size with the same main cause include Utah Paiute Tribal Housing Authority ($3.3m), Vernella Transitional Home ($3.3m) and Tabitha Grand Island Inc ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $162k (4.9% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $1.4m against liabilities of $547k, net assets of $872k. It reported 37 employees.