Independence Housing II Inc

Analysis

Independence Housing II Inc is a registered charity in United States, based in E Longmeadow, MA. It received its IRS tax-exemption ruling in September 1994, 32 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, Independence Housing II Inc reported income of $676k and spending of $795k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $569k to $676k (+19%), an average of +4.4% a year. Over the whole period it spent 124% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Independence Housing II Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within MA. Charities of a similar size with the same main cause include Friendship Place Inc ($676k), Home Trust of Ouray County ($676k) and 1106 Morris Avenue Housing Development Fund Corp ($676k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 40% of the total. At year end it held assets of $2.9m against liabilities of $539k, net assets of $2.4m.

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.