Independence Charitable Trust

Analysis

Independence Charitable Trust is a registered charity in United States, based in Lawrence, KS. It received its IRS tax-exemption ruling in December 1995, 31 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Independence Charitable Trust reported income of $110k and spending of $215k, spending 195% of what it took in. The sharpest change came in the year to December 2022, when income dropped by 244%. Over the whole period it spent 110% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Independence Charitable Trust sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 38th percentile within KS. Charities of a similar size with the same main cause include Sedum Inc ($110k), Tippecanoe County Public Library Foundation Inc ($110k) and The Westervelt Company ($110k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% of the total. At year end it held assets of $5.4m against liabilities of $52k, net assets of $5.4m.