Illinois Network Of Centers For Independent Living
EIN: 371345658 · Springfield, IL · NTEE: T70
| Metric | Value |
|---|---|
| Total Revenue | $6.0M |
| Total Expenses | $2.6M |
| Net Assets | $162K |
Is Illinois Network Of Centers For Independent Living Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Illinois Network Of Centers For Independent Living
Illinois Network Of Centers For Independent Living (EIN: 371345658) is a nonprofit organization based in Springfield, IL, classified under NTEE code T70. The organization reported total revenue of $6.0M and total assets of $833K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Illinois Network Of Centers For Independent Living's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Illinois Network Of Centers For Independent Living is a mid-size nonprofit that has been operating for 29 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 21.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.6M |
| Total Expenses | $2.6M |
| Surplus / Deficit | $-30,915 |
| Total Assets | $783K |
| Total Liabilities | $621K |
| Net Assets | $162K |
| Operating Margin | -1.2% |
| Debt-to-Asset Ratio | 79.3% |
| Months of Reserves | 3.6 months |
Financial Health Grade: C
In 2023, Illinois Network Of Centers For Independent Living reported a deficit of $31K with expenses exceeding revenue, holds 3.6 months of operating reserves (adequate), has a debt-to-asset ratio of 79.3% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), Illinois Network Of Centers For Independent Living's revenue has grown at a compound annual growth rate (CAGR) of 21.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.4% | -7.9% | +23.2% |
| 2022 | -1.6% | +4.6% | -2.0% |
| 2021 | -10.4% | -12.5% | +16.9% |
| 2020 | +102.3% | +103.4% | -8.7% |
| 2019 | +509.3% | +463.7% | +264.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Illinois Network Of Centers For Independent Living has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Illinois Network Of Centers For Independent Living with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $31K, with expenses exceeding revenue.
- Debt-to-asset ratio: 79.3%.
Frequently Asked Questions about Illinois Network Of Centers For Independent Living
Is Illinois Network Of Centers For Independent Living a legitimate charity?
Illinois Network Of Centers For Independent Living (EIN: 371345658) is a registered tax-exempt nonprofit based in Illinois. It has 12 years of IRS 990 filings on record. Total revenue: $6.0M. No red flags identified. Financial health grade: C.
How does Illinois Network Of Centers For Independent Living spend its money?
Illinois Network Of Centers For Independent Living reported $6.0M in total revenue in IRS 990 filings. 12 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Illinois Network Of Centers For Independent Living tax-deductible?
Illinois Network Of Centers For Independent Living is registered as a tax-exempt nonprofit (EIN: 371345658). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Illinois Network Of Centers For Independent Living located?
Illinois Network Of Centers For Independent Living is headquartered in Springfield, Illinois and files with the IRS under EIN 371345658. It is classified under NTEE code T70.
How many years of IRS 990 filings does Illinois Network Of Centers For Independent Living have?
Illinois Network Of Centers For Independent Living has 12 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 $6.0M in total revenue.
Filing History
IRS 990 filing history for Illinois Network Of Centers For Independent Living showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Illinois Network Of Centers For Independent Living's revenue has grown by 784.7%, moving from $291K to $2.6M. Total assets increased by 354.5% over the same period, from $172K to $783K. Total functional expenses rose by 793.7%, from $292K to $2.6M. In its most recent filing year (2023), Illinois Network Of Centers For Independent Living reported a deficit of $31K, with expenses exceeding revenue. The organization holds $621K in liabilities against $783K in assets (debt-to-asset ratio: 79.3%), resulting in net assets of $162K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.6M | $2.6M | $783K | $621K | — | View 990 |
| 2022 | $2.8M | $2.8M | $636K | $443K | — | View 990 |
| 2021 | $2.8M | $2.7M | $648K | $375K | — | View 990 |
| 2020 | $3.1M | $3.1M | $554K | $367K | — | View 990 |
| 2019 | $1.5M | $1.5M | $607K | $441K | — | View 990 |
| 2018 | $253K | $270K | $167K | $19K | — | View 990 |
| 2017 | $297K | $311K | $172K | $7K | — | View 990 |
| 2016 | $262K | $256K | $198K | $19K | — | View 990 |
| 2015 | $630K | $627K | $267K | $94K | — | View 990 |
| 2014 | $704K | $693K | $337K | $167K | — | View 990 |
| 2013 | $282K | $273K | $182K | $22K | — | View 990 |
| 2012 | $291K | $292K | $172K | $22K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.6M, expenses of $2.6M, and assets of $783K (revenue -6.4% year-over-year).
- 2022: Revenue of $2.8M, expenses of $2.8M, and assets of $636K (revenue -1.6% year-over-year).
- 2021: Revenue of $2.8M, expenses of $2.7M, and assets of $648K (revenue -10.4% year-over-year).
- 2020: Revenue of $3.1M, expenses of $3.1M, and assets of $554K (revenue +102.3% year-over-year).
- 2019: Revenue of $1.5M, expenses of $1.5M, and assets of $607K (revenue +509.3% year-over-year).
- 2018: Revenue of $253K, expenses of $270K, and assets of $167K (revenue -14.7% year-over-year).
- 2017: Revenue of $297K, expenses of $311K, and assets of $172K (revenue +13.0% year-over-year).
- 2016: Revenue of $262K, expenses of $256K, and assets of $198K (revenue -58.3% year-over-year).
- 2015: Revenue of $630K, expenses of $627K, and assets of $267K (revenue -10.5% year-over-year).
- 2014: Revenue of $704K, expenses of $693K, and assets of $337K (revenue +149.1% year-over-year).
- 2013: Revenue of $282K, expenses of $273K, and assets of $182K (revenue -3.0% year-over-year).
- 2012: Revenue of $291K, expenses of $292K, and assets of $172K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Illinois Network Of Centers For Independent Living:
Data Sources and Methodology
This transparency report for Illinois Network Of Centers For Independent Living 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.