Independence Center

Analysis

Independence Center is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in April 1980, 46 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 Center reported income of $13.3m and spending of $11.0m, spending 83% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $9.2m to $13.3m (+45%), an average of +7.7% a year. The sharpest change came in the year to June 2024, when income rose by 39%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Independence Center sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within MO. Charities of a similar size with the same main cause include Boys Girls of Greater Cincinnati Inc ($13.3m), Integrity Inc ($13.3m) and Legal Aid Society of Cincinnati ($13.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 20% and program service revenue 81% of the total. Other salaries and wages came to $6.2m. At year end it held assets of $17.8m against liabilities of $1.7m, net assets of $16.1m. It reported 135 employees.