The Institute for Independence

Analysis

The Institute for Independence is a registered charity in United States, based in Richton Park, IL. It received its IRS tax-exemption ruling in November 2012, 14 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 September 2022, The Institute for Independence reported income of $170k and spending of $97k, leaving 43% of income unspent that year. Across the 2 years on record, from September 2021 to September 2022, income fell from $172k to $170k (-0.8%), an average of -0.8% a year. Over the whole period it spent 67% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, The Institute for Independence sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 51st percentile within IL. Charities of a similar size with the same main cause include Loretto Apartments at Obrien Road Housing Development Fund Co Inc ($170k), D H Incorporated ($170k) and Edgewood Village Nonprofit Housing Corporation ($170k).

On its Form 990-EZ for the period ending September 2022, revenue came from contributions and grants 96% of the total. At year end it held assets of $119k against liabilities of $0, net assets of $119k.