Independence Health & Therapy

Analysis

Independence Health & Therapy is a registered charity in United States, based in Woodstock, IL. It received its IRS tax-exemption ruling in November 1982, 44 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 June 2024, Independence Health & Therapy reported income of $3.2m and spending of $3.6m, spending 113% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $2.8m to $3.2m (+14%), an average of +2.7% a year. The sharpest change came in the year to June 2021, when income rose by 33%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Independence Health & Therapy 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 IL. Charities of a similar size with the same main cause include Grace Christian School ($3.2m), Community of St Egidio USA Inc ($3.2m) and Day One ($3.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 48% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $133k (3.7% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $2.9m against liabilities of $849k, net assets of $2.0m. It reported 85 employees.