Independence Unlimited Inc

Analysis

Independence Unlimited Inc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in April 1987, 39 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 September 2023, Independence Unlimited Inc reported income of $432k and spending of $425k, spending 98% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $324k to $432k (+33%), an average of +7.5% a year. The sharpest change came in the year to September 2023, when income rose by 15%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Independence Unlimited Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 65th percentile within CT. Charities of a similar size with the same main cause include Provident Housing Solutions Inc ($432k), Food Exploration and Discovery ($432k) and Divine Shakti Foundation ($432k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $89k (21% of expenses). Other salaries and wages came to $168k. At year end it held assets of $485k against liabilities of $294k, net assets of $192k. It reported 11 employees.