Independence of Portage County Inc

Analysis

Independence of Portage County Inc is a registered charity in United States, based in Ravenna, OH. It received its IRS tax-exemption ruling in November 1975, 51 years ago. 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, Independence of Portage County Inc reported income of $3.2m and spending of $5.8m, spending 180% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $4.2m to $3.2m (-24%), an average of -5.2% a year. The sharpest change came in the year to December 2020, when income rose by 36%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Independence of Portage County Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within OH. Charities of a similar size with the same main cause include Care at Home Diocese of Brooklyn ($3.2m), Leisure Homestead Association ($3.2m) and Eugenia Center ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $186k (3.2% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $7.5m against liabilities of $2.5m, net assets of $4.9m. It reported 214 employees.