Toward Maximum Independence

Analysis

Toward Maximum Independence is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in October 1986, 40 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 June 2023, Toward Maximum Independence reported income of $21.4m and spending of $20.9m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $17.3m to $21.4m (+24%), an average of +5.5% a year. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Toward Maximum Independence sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Progressive Directions Inc ($21.4m), The National Restaurant Association Educational Foundation ($21.4m) and Canterbury Health Care Inc ($21.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.7% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $563k (2.7% of expenses). Other salaries and wages came to $13.2m. At year end it held assets of $13.9m against liabilities of $2.8m, net assets of $11.1m. It reported 441 employees.