Independence Cay Inc

Analysis

Independence Cay Inc is a registered charity in United States, based in Marathon, FL. It received its IRS tax-exemption ruling in September 2009, 17 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 December 2023, Independence Cay Inc reported income of $124k and spending of $132k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $138k to $124k (-10%), an average of -2.6% a year. The sharpest change came in the year to December 2021, when income rose by 19%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Independence Cay Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 46th percentile within FL. Charities of a similar size with the same main cause include Pueblo Community Soup Kitchen Inc ($124k), Fathership Foundation Inc ($124k) and Rising Above the Storms ($124k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 31% of the total. Other salaries and wages came to $12k. At year end it held assets of $99k against liabilities of $3,940, net assets of $95k. It reported 5 employees.