Independent Living Horizons Nine Inc
Independent Living Horizons Nine Inc. consistently operates at a deficit, with declining assets and high liabilities.
EIN: 201442672 · Augusta, GA · NTEE: L22 · Updated: 2026-03-28
Is Independent Living Horizons Nine Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Independent Living Horizons Nine Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Independent Living Horizons Nine Inc
Independent Living Horizons Nine Inc (EIN: 201442672) is a nonprofit organization based in Augusta, GA, classified under NTEE code L22. The organization reported total revenue of $302K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Independent Living Horizons Nine Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Independent Living Horizons Nine Inc is a small nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $266K |
| Total Expenses | $360K |
| Surplus / Deficit | $-93,941 |
| Total Assets | $1.4M |
| Total Liabilities | $3.1M |
| Net Assets | $-1,682,460 |
| Operating Margin | -35.3% |
| Debt-to-Asset Ratio | 222.8% |
| Months of Reserves | 45.7 months |
Financial Health Grade: C
In 2023, Independent Living Horizons Nine Inc reported a deficit of $94K with expenses exceeding revenue, holds 45.7 months of operating reserves (strong position), has a debt-to-asset ratio of 222.8% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Independent Living Horizons Nine Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.4% | -0.1% | -7.6% |
| 2022 | +0.6% | +8.3% | -8.7% |
| 2021 | +0.5% | -2.3% | -4.2% |
| 2020 | -0.8% | +5.1% | -7.3% |
| 2019 | +22.1% | +0.4% | -4.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Horizons Nine Inc with a Mission Score of 35 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Independent Living Horizons Nine Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $94K, with expenses exceeding revenue.
- Debt-to-asset ratio: 222.8%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This suggests a volunteer-led executive structure, which can be a positive for resource allocation but doesn't negate the overall financial challenges.
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 Horizons Nine Inc's IRS 990 filings:
- Consistent operating deficits for over a decade (e.g., $93,941 deficit in 2023).
- Declining asset base (from $2.29M in 2014 to $1.37M in 2023).
- High liabilities relative to assets (e.g., $3.05M liabilities vs. $1.37M assets in 2023).
- Expenses consistently exceeding revenue in all reported periods.
Strengths
The following positive indicators were identified for Independent Living Horizons Nine Inc:
- No reported officer compensation, indicating a volunteer-led executive structure.
- Long filing history (13 filings) suggests consistent compliance with IRS reporting requirements.
Frequently Asked Questions about Independent Living Horizons Nine Inc
Is Independent Living Horizons Nine Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Independent Living Horizons Nine Inc (EIN: 201442672) significant concerns. Mission Score: 35/100. 4 red flags identified, 2 strengths noted.
How does Independent Living Horizons Nine Inc spend its money?
Independent Living Horizons Nine Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Independent Living Horizons Nine Inc tax-deductible?
Independent Living Horizons Nine Inc is registered as a tax-exempt nonprofit (EIN: 201442672). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Independent Living Horizons Nine Inc. financially sustainable?
Based on the consistent deficits and declining assets over the past decade, the organization's current financial model appears unsustainable. It has spent more than it earned in every reported period, leading to a significant reduction in its asset base.
What is the primary cause of the organization's deficits?
The primary cause of the deficits is that expenses consistently exceed revenue. For example, in 2023, expenses were $359,788 while revenue was $265,847, creating a deficit of $93,941. This pattern is observed across all available filings.
How do the organization's liabilities compare to its assets?
The organization's liabilities consistently far outweigh its assets. In 2023, liabilities were $3,052,993 compared to assets of $1,370,533, indicating a significant negative net asset position.
Filing History
IRS 990 filing history for Independent Living Horizons Nine Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Independent Living Horizons Nine Inc's revenue has grown by 37.6%, moving from $193K to $266K. Total assets decreased by 46.3% over the same period, from $2.6M to $1.4M. Total functional expenses rose by 26.6%, from $284K to $360K. In its most recent filing year (2023), Independent Living Horizons Nine Inc reported a deficit of $94K, with expenses exceeding revenue. The organization holds $3.1M in liabilities against $1.4M in assets (debt-to-asset ratio: 222.8%), resulting in net assets of $-1,682,460.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $266K | $360K | $1.4M | $3.1M | — | View 990 |
| 2022 | $250K | $360K | $1.5M | $3.1M | — | View 990 |
| 2021 | $248K | $333K | $1.6M | $3.1M | — | View 990 |
| 2020 | $247K | $341K | $1.7M | $3.1M | — | View 990 |
| 2019 | $249K | $324K | $1.8M | $3.1M | — | View 990 |
| 2018 | $204K | $323K | $1.9M | $3.1M | — | View 990 |
| 2017 | $193K | $315K | $2.0M | $3.1M | — | View 990 |
| 2016 | $188K | $345K | $2.1M | $3.1M | — | View 990 |
| 2015 | $194K | $297K | $2.2M | $3.1M | — | View 990 |
| 2014 | $196K | $294K | $2.3M | $3.0M | — | View 990 |
| 2013 | $195K | $283K | $2.4M | $3.0M | — | View 990 |
| 2012 | $191K | $274K | $2.5M | $3.0M | — | View 990 |
| 2011 | $193K | $284K | $2.6M | $3.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $266K, expenses of $360K, and assets of $1.4M (revenue +6.4% year-over-year).
- 2022: Revenue of $250K, expenses of $360K, and assets of $1.5M (revenue +0.6% year-over-year).
- 2021: Revenue of $248K, expenses of $333K, and assets of $1.6M (revenue +0.5% year-over-year).
- 2020: Revenue of $247K, expenses of $341K, and assets of $1.7M (revenue -0.8% year-over-year).
- 2019: Revenue of $249K, expenses of $324K, and assets of $1.8M (revenue +22.1% year-over-year).
- 2018: Revenue of $204K, expenses of $323K, and assets of $1.9M (revenue +5.5% year-over-year).
- 2017: Revenue of $193K, expenses of $315K, and assets of $2.0M (revenue +2.7% year-over-year).
- 2016: Revenue of $188K, expenses of $345K, and assets of $2.1M (revenue -2.9% year-over-year).
- 2015: Revenue of $194K, expenses of $297K, and assets of $2.2M (revenue -1.1% year-over-year).
- 2014: Revenue of $196K, expenses of $294K, and assets of $2.3M (revenue +0.6% year-over-year).
- 2013: Revenue of $195K, expenses of $283K, and assets of $2.4M (revenue +2.0% year-over-year).
- 2012: Revenue of $191K, expenses of $274K, and assets of $2.5M (revenue -1.2% year-over-year).
- 2011: Revenue of $193K, expenses of $284K, and assets of $2.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Independent Living Horizons Nine Inc:
Data Sources and Methodology
This transparency report for Independent Living Horizons Nine 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.