Independent Living Center of Southern Califoria Inc

Analysis

Independent Living Center of Southern Califoria Inc is a registered charity in United States, based in Van Nuys, CA. It received its IRS tax-exemption ruling in April 1983, 43 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 September 2023, Independent Living Center of Southern Califoria Inc reported income of $1.4m and spending of $1.5m, spending 113% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.5m to $1.4m (-7.0%), an average of -1.8% a year. The sharpest change came in the year to September 2022, when income dropped by 22%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Independent Living Center of Southern Califoria Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include Opportunities Industrialization Center of New Britain Inc ($1.4m), Nevada Womens Fund ($1.4m) and Habitat for Humanity International Inc ($1.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 89% and program service revenue 8.6% of the total. Compensation of current officers, directors and key employees was $110k (7.1% of expenses). Other salaries and wages came to $830k. At year end it held assets of $2.9m against liabilities of $230k, net assets of $2.7m. It reported 33 employees.