Independent Choices Inc

Analysis

Independent Choices Inc is a registered charity in United States, based in Port Clinton, OH. It received its IRS tax-exemption ruling in December 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Independent Choices Inc reported income of $626k and spending of $645k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $443k to $626k (+41%), an average of +9.0% a year. The sharpest change came in the year to December 2020, when income rose by 49%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Independent Choices Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within OH. Charities of a similar size with the same main cause include Domestic Violence Intervention Center ($625k), Friends of Seamens Society ($626k) and The Community Table Inc ($625k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $31k (4.8% of expenses). Other salaries and wages came to $462k. At year end it held assets of $5,463 against liabilities of $39k, net assets of -$34k.