Road to Independence Inc

Analysis

Road to Independence Inc is a registered charity in United States, based in Newport, NH. It received its IRS tax-exemption ruling in June 2011, 15 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 December 2023, Road to Independence Inc reported income of $272k and spending of $170k, leaving 37% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $138k to $272k (+98%), an average of +98% a year. The sharpest change came in the year to December 2023, when income rose by 98%. Over the whole period it spent 78% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Road to Independence Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 62nd percentile within NH. Charities of a similar size with the same main cause include Village Network of Petaluma ($272k), Fiatm Group Inc ($272k) and Whistle Stop ($272k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 0.7% of the total. Other salaries and wages came to $63k. At year end it held assets of $139k against liabilities of $31, net assets of $139k. It reported 12 employees.