Quick charity verification for Independent Living Inc (EIN: 222894558)
Verdict: Independent Living Inc appears trustworthy
85/100Mission Score
$10.3MRevenue
$6.5MAssets
1Red Flags
4Strengths
Red Flags
The consistent increase in liabilities over the past several years, from $1,810,388 in 2016 to $2,970,021 in 2023, requires further scrutiny to understand the underlying causes and potential impact on financial stability.
Strengths
Independent Living Inc demonstrates strong financial health with total assets consistently exceeding liabilities, reaching $6,331,815 in assets against $2,970,021 in liabilities in 2023.
The organization allocates a significant majority of its expenses directly to programs (89% in 2023), indicating a strong commitment to its mission.
Revenue has shown consistent growth, increasing from $7,445,760 in 2017 to $9,526,999 in 2023, demonstrating financial sustainability and expanding reach.
The organization maintains healthy reserves, with net assets (assets minus liabilities) growing from $2,034,643 in 2017 to $3,361,794 in 2023.
Spending Breakdown
How Independent Living Inc allocates its funds across programs, administration, and fundraising.
89%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
4%
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 Inc
Is Independent Living Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Independent Living Inc (EIN: 222894558) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Independent Living Inc a good charity to donate to?
Independent Living Inc has a Mission Score of 85/100. Revenue: $10.3M. Assets: $6.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Independent Living Inc?
The Employer Identification Number (EIN) for Independent Living Inc is 222894558. 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 Inc spend its money?
Independent Living Inc allocates 89% to programs, 7% to administration, and 4% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Independent Living Inc's tax-exempt status?
You can verify Independent Living Inc's tax-exempt status using EIN 222894558 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 Inc is a human services nonprofit based in Newburgh, New York, with reported revenue of $10.3M and assets of $6.5M. Our AI analysis assigns a Mission Score of 85/100 (Excellent). Approximately 89% of spending goes to programs, 7% to administration, and 4% to fundraising. Executive compensation is not explicitly detailed in the provided data, preventing a specific assessment of individual salaries; however, the overall administrative expenses are low, suggesting reasonable compensation practices. Revenue has declined -9% across 13 filing periods.