Glens Falls Independent Living Center Inc
Glens Falls Independent Living Center Inc consistently operates with surpluses and reports no officer compensation.
EIN: 141706914 · Queensbury, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.3M |
| Total Expenses | $3.0M |
| Program Spending | 85% |
| Net Assets | $1.6M |
| Transparency Score | 90/100 |
Is Glens Falls Independent Living Center Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Glens Falls Independent Living Center Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Glens Falls Independent Living Center Inc
Glens Falls Independent Living Center Inc (EIN: 141706914) is a nonprofit organization based in Queensbury, NY. The organization reported total revenue of $3.3M and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Glens Falls Independent Living Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Glens Falls Independent Living Center Inc is a mid-size nonprofit that has been operating for 34 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.1M |
| Total Expenses | $3.0M |
| Surplus / Deficit | +$96K |
| Total Assets | $1.9M |
| Total Liabilities | $286K |
| Net Assets | $1.6M |
| Operating Margin | 3.1% |
| Debt-to-Asset Ratio | 15.0% |
| Months of Reserves | 7.6 months |
Financial Health Grade: A
In 2023, Glens Falls Independent Living Center Inc reported a surplus of $96K with revenue exceeding expenses, holds 7.6 months of operating reserves (strong position), has a debt-to-asset ratio of 15.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Glens Falls Independent Living Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.3% | +2.0% | +9.1% |
| 2022 | +0.0% | +3.0% | -7.9% |
| 2021 | +4.8% | +7.5% | +7.2% |
| 2020 | +8.3% | +6.5% | -0.5% |
| 2019 | +11.4% | +14.0% | +17.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Glens Falls Independent Living Center Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Glens Falls Independent Living Center Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $96K, with revenue exceeding expenses.
- Debt-to-asset ratio: 15.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly unusual and suggests a strong commitment to directing funds towards programmatic activities.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Glens Falls Independent Living Center Inc:
- Consistent operational surpluses, such as $96,063 in 2023 ($3,091,782 revenue - $2,995,719 expenses).
- No reported officer compensation across all available filings, indicating high efficiency and mission focus.
- Steady growth in revenue and assets over the past decade, demonstrating financial stability and expansion.
- Low liabilities relative to assets, suggesting strong financial management (e.g., $286,437 liabilities vs. $1,909,068 assets in 2023).
- Long history of IRS 990 filings (13 filings), indicating consistent compliance and transparency.
Frequently Asked Questions about Glens Falls Independent Living Center Inc
Is Glens Falls Independent Living Center Inc a legitimate charity?
Glens Falls Independent Living Center Inc (EIN: 141706914) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $3.3M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Glens Falls Independent Living Center Inc spend its money?
Glens Falls Independent Living Center Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Glens Falls Independent Living Center Inc tax-deductible?
Glens Falls Independent Living Center Inc is registered as a tax-exempt nonprofit (EIN: 141706914). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Glens Falls Independent Living Center Inc's spending goes to programs?
Glens Falls Independent Living Center Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Glens Falls Independent Living Center Inc located?
Glens Falls Independent Living Center Inc is headquartered in Queensbury, New York and files with the IRS under EIN 141706914.
How many years of IRS 990 filings does Glens Falls Independent Living Center Inc have?
Glens Falls Independent Living Center Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $3.3M in total revenue.
Is Glens Falls Independent Living Center Inc a good charity?
Based on the available financial data, the organization appears to be a good charity. It consistently generates surpluses, maintains healthy assets, and notably reports 0% officer compensation, suggesting strong financial stewardship and a focus on its mission.
How has the organization's financial health changed over time?
Glens Falls Independent Living Center Inc has shown consistent growth in both revenue and expenses over the past decade, from $1,707,221 revenue in 2014 to $3,091,782 in 2023. Assets have also generally increased, indicating a growing and stable organization.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all provided filings, which is a highly transparent and mission-focused approach, indicating that executive leadership is either unpaid or compensated through other means not classified as officer compensation on the 990.
Filing History
IRS 990 filing history for Glens Falls Independent Living Center Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Glens Falls Independent Living Center Inc's revenue has grown by 148.5%, moving from $1.2M to $3.1M. Total assets increased by 6% over the same period, from $1.8M to $1.9M. Total functional expenses rose by 153.9%, from $1.2M to $3.0M. In its most recent filing year (2023), Glens Falls Independent Living Center Inc reported a surplus of $96K, with revenue exceeding expenses. The organization holds $286K in liabilities against $1.9M in assets (debt-to-asset ratio: 15.0%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.1M | $3.0M | $1.9M | $286K | — | — |
| 2022 | $2.9M | $2.9M | $1.8M | $246K | — | View 990 |
| 2021 | $2.9M | $2.9M | $1.9M | $263K | — | — |
| 2020 | $2.8M | $2.7M | $1.8M | $200K | — | View 990 |
| 2019 | $2.5M | $2.5M | $1.8M | $359K | — | View 990 |
| 2018 | $2.3M | $2.2M | $1.5M | $532K | — | View 990 |
| 2017 | $2.3M | $2.1M | $2.3M | $537K | — | View 990 |
| 2016 | $2.0M | $1.9M | $2.2M | $658K | — | View 990 |
| 2015 | $1.8M | $1.7M | $2.1M | $606K | — | View 990 |
| 2014 | $1.7M | $1.6M | $1.9M | $540K | — | View 990 |
| 2013 | $1.4M | $1.2M | $1.9M | $642K | — | View 990 |
| 2012 | $1.2M | $1.2M | $1.7M | $571K | — | View 990 |
| 2011 | $1.2M | $1.2M | $1.8M | $683K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.1M, expenses of $3.0M, and assets of $1.9M (revenue +7.3% year-over-year).
- 2022: Revenue of $2.9M, expenses of $2.9M, and assets of $1.8M (revenue +0.0% year-over-year).
- 2021: Revenue of $2.9M, expenses of $2.9M, and assets of $1.9M (revenue +4.8% year-over-year).
- 2020: Revenue of $2.8M, expenses of $2.7M, and assets of $1.8M (revenue +8.3% year-over-year).
- 2019: Revenue of $2.5M, expenses of $2.5M, and assets of $1.8M (revenue +11.4% year-over-year).
- 2018: Revenue of $2.3M, expenses of $2.2M, and assets of $1.5M (revenue +1.0% year-over-year).
- 2017: Revenue of $2.3M, expenses of $2.1M, and assets of $2.3M (revenue +11.5% year-over-year).
- 2016: Revenue of $2.0M, expenses of $1.9M, and assets of $2.2M (revenue +11.4% year-over-year).
- 2015: Revenue of $1.8M, expenses of $1.7M, and assets of $2.1M (revenue +6.4% year-over-year).
- 2014: Revenue of $1.7M, expenses of $1.6M, and assets of $1.9M (revenue +25.6% year-over-year).
- 2013: Revenue of $1.4M, expenses of $1.2M, and assets of $1.9M (revenue +12.2% year-over-year).
- 2012: Revenue of $1.2M, expenses of $1.2M, and assets of $1.7M (revenue -2.7% year-over-year).
- 2011: Revenue of $1.2M, expenses of $1.2M, and assets of $1.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Glens Falls Independent Living Center Inc:
Data Sources and Methodology
This transparency report for Glens Falls Independent Living Center Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.