Independent Living Association Inc
Independent Living Association Inc. maintains strong program spending with consistent asset growth, despite a recent minor operational deficit.
EIN: 112729771 · Brooklyn, NY · NTEE: P700 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $61.1M |
| Total Expenses | $63.6M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $60M |
| Net Assets | $20.3M |
| Transparency Score | 85/100 |
Is Independent Living Association Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Independent Living Association Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Independent Living Association Inc
Independent Living Association Inc (EIN: 112729771) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code P700. The organization reported total revenue of $61.1M and total assets of $34.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Independent Living Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Independent Living Association Inc is a major nonprofit that has been operating for 40 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $62.5M |
| Total Expenses | $63.6M |
| Surplus / Deficit | $-1,053,012 |
| Total Assets | $38.0M |
| Total Liabilities | $17.8M |
| Net Assets | $20.3M |
| Operating Margin | -1.7% |
| Debt-to-Asset Ratio | 46.7% |
| Months of Reserves | 7.2 months |
Financial Health Grade: B
In 2023, Independent Living Association Inc reported a deficit of $1.1M with expenses exceeding revenue, holds 7.2 months of operating reserves (strong position), has a debt-to-asset ratio of 46.7% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Independent Living Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -16.0% | -5.1% | +2.0% |
| 2022 | +26.6% | +24.0% | +8.6% |
| 2021 | +5.7% | +-0.0% | +15.2% |
| 2020 | +14.2% | +3.7% | +42.0% |
| 2019 | +0.4% | +8.2% | -21.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1986 |
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 Independent Living Association Inc with a Mission Score of 85 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Independent Living Association Inc allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% 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 deficit of $1.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 46.7%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no compensation was paid to officers, which is highly unusual for an organization of this size ($60M+ revenue) and suggests either a volunteer leadership model or that compensation is reported under other categories, warranting further investigation for full transparency.
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.
Red Flags
The following concerns were identified during AI analysis of Independent Living Association Inc's IRS 990 filings:
- Consistent 0% officer compensation for a large organization, which may obscure actual leadership costs if reported elsewhere.
- Slight operational deficit in the most recent filing (202306), with expenses ($63,575,370) exceeding revenue ($62,522,358).
Strengths
The following positive indicators were identified for Independent Living Association Inc:
- Strong program spending, indicating a high percentage of funds directly supporting the mission.
- Consistent growth in assets over the past decade, demonstrating financial stability and capacity.
- Significant revenue growth over the past decade, reflecting expanding operations and impact.
- Low liabilities relative to assets, indicating a healthy balance sheet.
Frequently Asked Questions about Independent Living Association Inc
Is Independent Living Association Inc a legitimate charity?
Independent Living Association Inc (EIN: 112729771) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $61.1M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Independent Living Association Inc spend its money?
Independent Living Association Inc directs 90% of its spending to programs and services. Fundraising costs 2%. This exceeds the 65% industry benchmark.
Are donations to Independent Living Association Inc tax-deductible?
Independent Living Association Inc is registered as a tax-exempt nonprofit (EIN: 112729771). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Independent Living Association Inc CEO make?
Independent Living Association Inc's highest-compensated officer earns $60M annually. The organization reported $61.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Independent Living Association Inc's spending goes to programs?
Independent Living Association Inc directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Independent Living Association Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Independent Living Association Inc is above average for NTEE category P700 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Independent Living Association Inc located?
Independent Living Association Inc is headquartered in Brooklyn, New York and files with the IRS under EIN 112729771. It is classified under NTEE code P700.
How many years of IRS 990 filings does Independent Living Association Inc have?
Independent Living Association 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 $61.1M in total revenue.
Is Independent Living Association Inc. a good charity?
Based on the available data, Independent Living Association Inc. appears to be a good charity. It consistently directs a high percentage of its expenses towards programs, has shown consistent asset growth, and reports 0% officer compensation, which are all positive indicators of efficiency and mission focus.
How has the organization's financial health changed over time?
The organization has shown consistent revenue growth over the past decade, from $36,882,370 in 201506 to $62,522,358 in 202306. Assets have also steadily increased from $22,428,384 in 201506 to $38,017,119 in 202306, indicating a strengthening financial position despite occasional operational deficits.
What is the significance of 0% officer compensation?
The consistent reporting of 0% officer compensation is highly unusual for an organization with over $60 million in annual revenue. While it could indicate a volunteer leadership model, it also raises questions about how leadership is compensated, if at all, and whether these costs are reported under other expense categories, which could impact transparency.
Filing History
IRS 990 filing history for Independent Living Association Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Independent Living Association Inc's revenue has grown by 65.4%, moving from $37.8M to $62.5M. Total assets increased by 64.6% over the same period, from $23.1M to $38.0M. Total functional expenses rose by 80.7%, from $35.2M to $63.6M. In its most recent filing year (2023), Independent Living Association Inc reported a deficit of $1.1M, with expenses exceeding revenue. The organization holds $17.8M in liabilities against $38.0M in assets (debt-to-asset ratio: 46.7%), resulting in net assets of $20.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $62.5M | $63.6M | $38.0M | $17.8M | — | View 990 |
| 2022 | $74.4M | $67.0M | $37.3M | $16.0M | — | View 990 |
| 2021 | $58.8M | $54.0M | $34.3M | $20.5M | — | — |
| 2020 | $55.6M | $54.1M | $29.8M | $20.7M | — | View 990 |
| 2019 | $48.7M | $52.1M | $21.0M | $13.1M | — | View 990 |
| 2018 | $48.5M | $48.2M | $26.6M | $13.1M | — | View 990 |
| 2017 | $42.4M | $43.6M | $26.6M | $13.5M | — | View 990 |
| 2016 | $42.6M | $39.8M | $26.8M | $12.4M | — | View 990 |
| 2015 | $36.9M | $36.2M | $22.4M | $10.8M | — | View 990 |
| 2014 | $36.5M | $36.1M | $22.5M | $11.5M | — | View 990 |
| 2013 | $36.7M | $37.0M | $22.6M | $12.1M | — | View 990 |
| 2012 | $37.3M | $36.3M | $23.7M | $12.9M | — | View 990 |
| 2011 | $37.8M | $35.2M | $23.1M | $13.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $62.5M, expenses of $63.6M, and assets of $38.0M (revenue -16.0% year-over-year).
- 2022: Revenue of $74.4M, expenses of $67.0M, and assets of $37.3M (revenue +26.6% year-over-year).
- 2021: Revenue of $58.8M, expenses of $54.0M, and assets of $34.3M (revenue +5.7% year-over-year).
- 2020: Revenue of $55.6M, expenses of $54.1M, and assets of $29.8M (revenue +14.2% year-over-year).
- 2019: Revenue of $48.7M, expenses of $52.1M, and assets of $21.0M (revenue +0.4% year-over-year).
- 2018: Revenue of $48.5M, expenses of $48.2M, and assets of $26.6M (revenue +14.5% year-over-year).
- 2017: Revenue of $42.4M, expenses of $43.6M, and assets of $26.6M (revenue -0.5% year-over-year).
- 2016: Revenue of $42.6M, expenses of $39.8M, and assets of $26.8M (revenue +15.4% year-over-year).
- 2015: Revenue of $36.9M, expenses of $36.2M, and assets of $22.4M (revenue +0.9% year-over-year).
- 2014: Revenue of $36.5M, expenses of $36.1M, and assets of $22.5M (revenue -0.5% year-over-year).
- 2013: Revenue of $36.7M, expenses of $37.0M, and assets of $22.6M (revenue -1.4% year-over-year).
- 2012: Revenue of $37.3M, expenses of $36.3M, and assets of $23.7M (revenue -1.4% year-over-year).
- 2011: Revenue of $37.8M, expenses of $35.2M, and assets of $23.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Independent Living Association Inc:
Data Sources and Methodology
This transparency report for Independent Living Association 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.