Seniors Independent Living Collaborative

Analysis

Seniors Independent Living Collaborative is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in February 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 October 2023, Seniors Independent Living Collaborative reported income of $75k and spending of $75k, spending 100% of its income. Across the 3 years on record, from October 2019 to October 2023, income fell from $300k to $75k (-75%), an average of -50% a year. The sharpest change came in the year to October 2023, when income dropped by 77%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Seniors Independent Living Collaborative sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 31st percentile within IL. Charities of a similar size with the same main cause include Sonder House ($75k), Childrens Charity Ministry ($75k) and Big Sandy Rotary Club ($75k).

On its Form 990-EZ for the period ending October 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $49k against liabilities of $0, net assets of $49k.