Independent Living Inc

Analysis

Independent Living Inc is a registered charity in United States, based in Fort Smith, AR. It received its IRS tax-exemption ruling in May 1976, 50 years ago. 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 2024, Independent Living Inc reported income of $145k and spending of $167k, spending 115% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income grew from $137k to $145k (+5.9%), an average of +5.9% a year. Over the whole period it spent 119% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Independent Living Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 46th percentile within AR. Charities of a similar size with the same main cause include Delran Soccer Club Inc ($145k), Cherry Creek Chorale Inc ($145k) and Coles County Mental Health Residential Alternatives Inc ($145k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 34% and program service revenue 65% of the total. Other salaries and wages came to $9,907. At year end it held assets of $727k against liabilities of $1.7m, net assets of -$938k.