Independence Mission Schools

Analysis

Independence Mission Schools is a registered charity in United States, based in KNG of Prussa, PA. It received its IRS tax-exemption ruling in August 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Independence Mission Schools reported income of $46.9m and spending of $33.0m, leaving 30% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $36.0m to $46.9m (+30%), an average of +6.8% a year. The sharpest change came in the year to June 2023, when income rose by 23%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Independence Mission Schools sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within PA. Charities of a similar size with the same main cause include University of Maryland Foundation Inc ($46.9m), Compass Rose Education Inc ($46.9m) and American Friends of Rabbinical College of Telzstone Inc ($46.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $695k (2.1% of expenses). Other salaries and wages came to $19.1m. It paid $26k in professional fundraising fees. At year end it held assets of $51.6m against liabilities of $5.3m, net assets of $46.3m. It reported 571 employees.