Center for Independent Employees

Analysis

Center for Independent Employees is a registered charity in United States, based in Spartanburg, SC. It received its IRS tax-exemption ruling in July 2002, 24 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Center for Independent Employees reported income of $935k and spending of $655k, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $751k to $935k (+25%), an average of +5.6% a year. The sharpest change came in the year to December 2023, when income rose by 55%. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Center for Independent Employees sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 82nd percentile within SC. Charities of a similar size with the same main cause include Wichita Downtown Development Corporation ($935k), South Willamette Solutions ($935k) and Leatherstocking Education on Alcoholism Addictns Foundation Inc ($934k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $244k (37% of expenses). It paid $7,000 in professional fundraising fees. At year end it held assets of $448k against liabilities of $42, net assets of $448k. It reported 1 employees.