Independent Housing I Inc

Analysis

Independent Housing I Inc is a registered charity in United States, based in E Longmeadow, MA. It received its IRS tax-exemption ruling in July 1969, 57 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Independent Housing I Inc reported income of $4.0m and spending of $3.4m, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.5m to $4.0m (+16%), an average of +3.7% a year. Over the whole period it spent 88% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Independent Housing I 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 Bethlehem Inn ($4.0m), Gospel Center Rescue Mission Inc ($4.0m) and Skills Group ($4.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 38% of the total. At year end it held assets of $10.2m against liabilities of $2.9m, net assets of $7.3m.