Independence House L L C

Analysis

Independence House L L C is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 2006, 20 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Independence House L L C reported income of $911k and spending of $578k, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $502k to $911k (+82%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 121%. Over the whole period it spent 110% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Independence House L L C sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within IL. Charities of a similar size with the same main cause include Woodridge Nonprofit Corporation ($911k), Green Pasture Rest Home ($912k) and Upper County Eldercare Coalition Inc ($910k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 48% of the total. Other salaries and wages came to $65k. At year end it held assets of $3.6m against liabilities of $5.3m, net assets of -$1.7m.