Toward Independence Inc

Analysis

Toward Independence Inc is a registered charity in United States, based in Xenia, OH. It received its IRS tax-exemption ruling in June 1976, 50 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, Toward Independence Inc reported income of $17.3m and spending of $18.1m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $15.5m to $17.3m (+12%), an average of +2.8% a year. The sharpest change came in the year to December 2020, when income rose by 26%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Toward Independence Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within OH. Charities of a similar size with the same main cause include Community Living Corporation ($17.3m), The Partnership for Maternal and Child Health of Northern NJ Inc ($17.3m) and Conscious Alliance ($17.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.8% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $654k (3.6% of expenses). Other salaries and wages came to $11.9m. At year end it held assets of $16.9m against liabilities of $2.5m, net assets of $14.4m. It reported 468 employees.