Independence Heights Inc

Analysis

Independence Heights Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in October 2002, 24 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 (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, Independence Heights Inc reported income of $414k and spending of $551k, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $393k to $414k (+5.4%), an average of +1.3% a year. The sharpest change came in the year to December 2022, when income rose by 28%. Over the whole period it spent 116% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Independence Heights Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 72nd percentile within TX. Charities of a similar size with the same main cause include Crestone Peak Community Housing ($414k), Tarrant County B Nai B Rith Housing ($414k) and Neighbor Helping Neighbor Fund Inc ($414k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $96k. At year end it held assets of $2.5m against liabilities of $55k, net assets of $2.5m. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.