His Independence Project Inc

Analysis

His Independence Project Inc is a registered charity in United States, based in Wallingford, VT. It received its IRS tax-exemption ruling in August 1983, 43 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, His Independence Project Inc reported income of $2.1m and spending of $2.1m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $2.1m (+41%), an average of +8.9% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, His Independence Project Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within VT. Charities of a similar size with the same main cause include Schnurmann House ($2.1m), Council of State Governments ($2.1m) and E Town ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $3,900 (0.2% of expenses). Other salaries and wages came to $39k. At year end it held assets of $115k against liabilities of $1,857, net assets of $113k. It reported 5 employees.