Independent Living Inc
Independent Living Inc: Strong Programs, High Reserves, and Consistent Growth
EIN: 222894558 · Newburgh, NY · NTEE: P80Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $10.3M |
| Total Expenses | $9.2M |
| Program Spending | 89% |
| Net Assets | $3.4M |
| Transparency Score | 85/100 |
Is Independent Living 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 Inc directs 89% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Independent Living Inc
Independent Living Inc (EIN: 222894558) is a nonprofit organization based in Newburgh, NY, classified under NTEE code P80Z. The organization reported total revenue of $10.3M and total assets of $6.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Independent Living Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Independent Living Inc is a large nonprofit that has been operating for 28 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $9.5M |
| Total Expenses | $9.2M |
| Surplus / Deficit | +$356K |
| Total Assets | $6.3M |
| Total Liabilities | $3.0M |
| Net Assets | $3.4M |
| Operating Margin | 3.7% |
| Debt-to-Asset Ratio | 46.9% |
| Months of Reserves | 8.3 months |
Financial Health Grade: A
In 2023, Independent Living Inc reported a surplus of $356K with revenue exceeding expenses, holds 8.3 months of operating reserves (strong position), has a debt-to-asset ratio of 46.9% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Independent Living Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.7% | +3.7% | +13.1% |
| 2022 | +11.7% | +8.8% | +9.2% |
| 2021 | +12.8% | +12.5% | -2.8% |
| 2020 | -11.9% | -12.2% | +17.1% |
| 2019 | +0.7% | +1.8% | -0.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1998 |
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 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: 7%
- programs: 89%
- fundraising: 4%
According to IRS 990 filings, Independent Living Inc allocates its expenses as follows: admin: 7%, programs: 89%, fundraising: 4%. With 89% 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 $356K, with revenue exceeding expenses.
- Debt-to-asset ratio: 46.9%.
Executive Compensation Analysis
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.
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 Inc's IRS 990 filings:
- 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
The following positive indicators were identified for Independent Living Inc:
- 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.
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) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Independent Living Inc spend its money?
Independent Living Inc directs 89% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Independent Living Inc tax-deductible?
Independent Living Inc is registered as a tax-exempt nonprofit (EIN: 222894558). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Independent Living Inc's spending goes to programs?
Independent Living Inc directs 89% to programs, 4% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Independent Living Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Independent Living Inc is above average for NTEE category P80Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Independent Living Inc located?
Independent Living Inc is headquartered in Newburgh, New York and files with the IRS under EIN 222894558. It is classified under NTEE code P80Z.
How many years of IRS 990 filings does Independent Living Inc have?
Independent Living 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 $10.3M in total revenue.
What does Independent Living Inc do?
Independent Living Inc is a nonprofit organization in the Human Services sector, located in Newburgh, New York. It is classified under NTEE code P80Z.
How much revenue does Independent Living Inc have?
Independent Living Inc reported total revenue of $10,251,694. Based on 13 IRS 990 filings on record.
What are Independent Living Inc's total assets?
Independent Living Inc holds total assets of $6,465,075 as reported in IRS 990 filings.
Where is Independent Living Inc located?
Independent Living Inc is based in Newburgh, New York.
What is Independent Living Inc's EIN?
Independent Living Inc's Employer Identification Number (EIN) is 222894558. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Independent Living Inc?
Independent Living Inc is classified under NTEE code P80Z (Human Services).
Is Independent Living Inc a registered 501(c)(3)?
Yes, Independent Living Inc is recognized as a tax-exempt organization by the IRS. EIN: 222894558.
Does Independent Living Inc file IRS Form 990?
Yes, Independent Living Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Independent Living Inc's revenue in 2023?
In the 202312 filing period, Independent Living Inc reported total revenue of $9,526,999, total expenses of $9,171,062, and net assets of $6,331,815.
Is Independent Living Inc's revenue growing or declining?
Independent Living Inc's revenue is relatively stable. Revenue went from $9,189,531 (202212) to $9,526,999 (202312), a +3.7% change. Based on 13 filings on record.
What is Independent Living Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Independent Living Inc covers tax period 202312. It shows revenue of $9,526,999, expenses of $9,171,062, total assets of $6,331,815, and liabilities of $2,970,021.
How much does Independent Living Inc spend on programs vs administration?
Based on IRS 990 analysis, Independent Living Inc allocates approximately 89% of expenses to program services, 7% to administrative costs, and 4% to fundraising. This indicates strong program focus.
Is Independent Living Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Independent Living Inc appears trustworthy. Mission Score: 85/100 (Excellent). 1 red flag identified. 4 strengths noted.
What are the red flags for Independent Living Inc?
The following concerns were identified: 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.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Independent Living Inc's strengths?
Positive indicators for Independent Living Inc include: 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.. These findings are derived from AI analysis of the organization's financial filings.
How does Independent Living Inc compensate executives?
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. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent growth in total assets and revenue, what specific strategies has Independent Living Inc implemented to achieve this financial stability and expansion?
The provided data indicates consistent growth in both revenue and assets, suggesting effective fundraising, grant acquisition, or program expansion. Further qualitative data would be needed to pinpoint specific strategies.
With program expenses consistently high, what are the key programs or services that Independent Living Inc delivers, and how are their impacts measured?
The data highlights a strong commitment to programs, but does not specify the nature of these programs. Understanding the specific services and their impact metrics would provide deeper insight into the organization's effectiveness.
Filing History
IRS 990 filing history for Independent Living Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Independent Living Inc's revenue has declined by 9.4%, moving from $10.5M to $9.5M. Total assets increased by 77.6% over the same period, from $3.6M to $6.3M. Total functional expenses fell by 13.5%, from $10.6M to $9.2M. In its most recent filing year (2023), Independent Living Inc reported a surplus of $356K, with revenue exceeding expenses. The organization holds $3.0M in liabilities against $6.3M in assets (debt-to-asset ratio: 46.9%), resulting in net assets of $3.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $9.5M | $9.2M | $6.3M | $3.0M | — | — |
| 2022 | $9.2M | $8.8M | $5.6M | $2.6M | — | — |
| 2021 | $8.2M | $8.1M | $5.1M | $2.5M | — | View 990 |
| 2020 | $7.3M | $7.2M | $5.3M | $2.7M | — | — |
| 2019 | $8.3M | $8.2M | $4.5M | $2.0M | — | View 990 |
| 2018 | $8.2M | $8.1M | $4.5M | $2.1M | — | View 990 |
| 2017 | $7.4M | $7.2M | $4.3M | $2.0M | — | View 990 |
| 2016 | $7.9M | $7.7M | $3.9M | $1.8M | — | View 990 |
| 2015 | $12.0M | $11.7M | $4.4M | $2.5M | — | View 990 |
| 2014 | $14.9M | $15.0M | $4.1M | $2.5M | — | View 990 |
| 2013 | $14.2M | $14.2M | $3.8M | $2.1M | — | View 990 |
| 2012 | $13.0M | $12.8M | $4.0M | $2.3M | — | View 990 |
| 2011 | $10.5M | $10.6M | $3.6M | $2.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $9.5M, expenses of $9.2M, and assets of $6.3M (revenue +3.7% year-over-year).
- 2022: Revenue of $9.2M, expenses of $8.8M, and assets of $5.6M (revenue +11.7% year-over-year).
- 2021: Revenue of $8.2M, expenses of $8.1M, and assets of $5.1M (revenue +12.8% year-over-year).
- 2020: Revenue of $7.3M, expenses of $7.2M, and assets of $5.3M (revenue -11.9% year-over-year).
- 2019: Revenue of $8.3M, expenses of $8.2M, and assets of $4.5M (revenue +0.7% year-over-year).
- 2018: Revenue of $8.2M, expenses of $8.1M, and assets of $4.5M (revenue +10.4% year-over-year).
- 2017: Revenue of $7.4M, expenses of $7.2M, and assets of $4.3M (revenue -5.5% year-over-year).
- 2016: Revenue of $7.9M, expenses of $7.7M, and assets of $3.9M (revenue -34.1% year-over-year).
- 2015: Revenue of $12.0M, expenses of $11.7M, and assets of $4.4M (revenue -19.7% year-over-year).
- 2014: Revenue of $14.9M, expenses of $15.0M, and assets of $4.1M (revenue +4.9% year-over-year).
- 2013: Revenue of $14.2M, expenses of $14.2M, and assets of $3.8M (revenue +9.0% year-over-year).
- 2012: Revenue of $13.0M, expenses of $12.8M, and assets of $4.0M (revenue +23.9% year-over-year).
- 2011: Revenue of $10.5M, expenses of $10.6M, and assets of $3.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Independent Living Inc:
Data Sources and Methodology
This transparency report for Independent Living 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.