School District of Independence Foundation Inc

Analysis

School District of Independence Foundation Inc is a registered charity in United States, based in Independence, MO. It received its IRS tax-exemption ruling in January 1992, 34 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 2023, School District of Independence Foundation Inc reported income of $624k and spending of $579k, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $626k to $624k (-0.4%), an average of -0.1% a year. The sharpest change came in the year to June 2021, when income rose by 50%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, School District of Independence Foundation Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 71st percentile within MO. Charities of a similar size with the same main cause include Mount Vernon Arts Consortium Inc ($623k), The Mount Zion Apartments Inc ($624k) and Chabad-Lubavitch of South Carolina Inc ($623k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% of the total. At year end it held assets of $4.7m against liabilities of $140k, net assets of $4.6m.