Independence Works Inc

Analysis

Independence Works Inc is a registered charity in United States, based in West Palm BCH, FL. It received its IRS tax-exemption ruling in October 2006, 20 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 2023, Independence Works Inc reported income of $1.7m and spending of $1.8m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $1.7m (+57%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 26%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Independence Works Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within FL. Charities of a similar size with the same main cause include Friends of India Network ($1.7m), Disabled Citizens Alliance for Independence Foundation Inc ($1.7m) and Desoto School Inc ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $1.4m. At year end it held assets of $867k against liabilities of $179k, net assets of $689k. It reported 181 employees.