Independence Place Inc

Analysis

Independence Place Inc is a registered charity in United States, based in Trussville, AL. It received its IRS tax-exemption ruling in December 2012, 14 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Independence Place Inc reported income of $148k and spending of $144k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $133k to $148k (+11%), an average of +11% a year. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Independence Place Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 47th percentile within AL. Charities of a similar size with the same main cause include Plumbers and Steamfitters Local 598 Bikes for Tikes Charity ($148k), Friends of Midreshet Moriah Inc ($148k) and Hands of Hope Foundation ($148k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 58% of the total. At year end it held assets of $224k against liabilities of $0, net assets of $224k.