Quick charity verification for Independent Living For Seniors Inc (EIN: 161491059)
Verdict: Independent Living For Seniors Inc appears trustworthy
88/100Mission Score
$110.7MRevenue
$86.1MAssets
2Red Flags
4Strengths
Red Flags
Consistent 0% officer compensation for a large organization, which warrants further investigation into executive compensation structure.
Lack of detailed functional expense breakdown in summary data, making it difficult to precisely assess program efficiency.
Strengths
Consistent and significant revenue growth, from $50M in 2014 to $99M in 2023.
Strong asset growth, increasing from $25M in 2014 to $81M in 2023, indicating financial stability.
Positive net income (revenue exceeding expenses) in most reported periods, demonstrating sound financial management.
Healthy asset-to-liability ratio, with assets consistently much higher than liabilities.
Spending Breakdown
How Independent Living For Seniors Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Independent Living For Seniors Inc
Is Independent Living For Seniors Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Independent Living For Seniors Inc (EIN: 161491059) appears trustworthy. Mission Score: 88/100. 2 red flags identified, 4 strengths noted.
Is Independent Living For Seniors Inc a good charity to donate to?
Independent Living For Seniors Inc has a Mission Score of 88/100. Revenue: $110.7M. Assets: $86.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Independent Living For Seniors Inc?
The Employer Identification Number (EIN) for Independent Living For Seniors Inc is 161491059. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Independent Living For Seniors Inc spend its money?
Independent Living For Seniors Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Independent Living For Seniors Inc's tax-exempt status?
You can verify Independent Living For Seniors Inc's tax-exempt status using EIN 161491059 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Independent Living For Seniors Inc demonstrates strong financial health and consistent growth over the past decade. The organization's revenue has steadily increased from $50 million in 2014 to nearly $100 million in 2023, indicating robust fundraising or service delivery. Expenses have generally tracked revenue, with a healthy surplus in most years, contributing to a significant increase in assets from $25 million to over $81 million in the same period. This consistent asset growth suggests sound financial management and the ability to build reserves for future programs.
The organization's spending efficiency appears high, as indicated by the consistent positive difference between revenue and expenses. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the overall financial picture suggests a well-managed operation. The absence of reported officer compensation across all filings is a notable aspect of its transparency, indicating either a volunteer-led executive team or compensation structured in a way not captured under 'Officer Comp' on the 990 summary, which warrants further investigation for complete transparency.
Overall, Independent Living For Seniors Inc exhibits a strong financial trajectory with significant growth in revenue and assets. The consistent lack of reported officer compensation is a positive indicator for transparency, though a detailed breakdown of functional expenses would provide a clearer picture of spending efficiency across programs, administration, and fundraising.