Independence House Inc

Analysis

Independence House Inc is a registered charity in United States, based in Hyannis, MA. It received its IRS tax-exemption ruling in February 1981, 45 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2024, Independence House Inc reported income of $4.2m and spending of $3.8m, spending 91% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $3.4m to $4.2m (+24%), an average of +5.5% a year. The sharpest change came in the year to June 2022, when income rose by 32%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Independence House Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MA. Charities of a similar size with the same main cause include Light House Mission Outreach Inc ($4.2m), Evergreenhealth Foundation ($4.2m) and Young Mens Christian Association of Monroe Mich ($4.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $335k (8.7% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $5.0m against liabilities of $1.3m, net assets of $3.7m. It reported 53 employees.