Storey Lane Independent Living Inc

Analysis

Storey Lane Independent Living Inc is a registered charity in United States, based in Ponder, TX. It received its IRS tax-exemption ruling in April 1993, 33 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Storey Lane Independent Living Inc reported income of $160k and spending of $183k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $185k to $160k (-14%), an average of -3.6% a year. The sharpest change came in the year to December 2022, when income rose by 323%. Over the whole period it spent 65% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Storey Lane Independent Living Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 52nd percentile within TX. Charities of a similar size with the same main cause include Helping Hands Pregnancy & Parenting Center Inc ($160k), Hozho Voices of Healing Center ($160k) and Epicenter Foundation ($160k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% of the total. Other salaries and wages came to $77k. It paid $4,825 in professional fundraising fees. At year end it held assets of $1.2m against liabilities of $35k, net assets of $1.2m. It reported 3 employees.