Independent Living Center-Homer

Analysis

Independent Living Center-Homer is a registered charity in United States, based in Homer, AK. It received its IRS tax-exemption ruling in September 1995, 31 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 June 2023, Independent Living Center-Homer reported income of $1.8m and spending of $1.6m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $1.8m (+30%), an average of +6.8% a year. The sharpest change came in the year to June 2021, when income rose by 15%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Independent Living Center-Homer sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within AK. Charities of a similar size with the same main cause include Leading Women Defined Foundation ($1.8m), Teens for Food Justice Inc ($1.8m) and Small Tribes Organization of Western Washington ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 59% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $112k (7.1% of expenses). Other salaries and wages came to $617k. At year end it held assets of $3.1m against liabilities of $124k, net assets of $2.9m. It reported 27 employees.