Living Independently for Today & Tomorrow Incorporated

Analysis

Living Independently for Today & Tomorrow Incorporated is a registered charity in United States, based in Billings, MT. It received its IRS tax-exemption ruling in October 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 September 2023, Living Independently for Today & Tomorrow Incorporated reported income of $3.5m and spending of $3.1m, spending 88% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.9m to $3.5m (+89%), an average of +17% a year. The sharpest change came in the year to September 2020, when income rose by 31%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Living Independently for Today & Tomorrow Incorporated sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within MT. Charities of a similar size with the same main cause include Comprehensive Community Solutions Inc ($3.5m), The Karen Organization of Minnesota ($3.5m) and Montgomery County Youth Services Inc ($3.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 38% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $83k (2.7% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $2.0m against liabilities of $151k, net assets of $1.8m. It reported 239 employees.