Concepts of Independence Inc

Analysis

Concepts of Independence Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 1981, 45 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, Concepts of Independence Inc reported income of $165.8m and spending of $164.0m, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $201.8m to $165.8m (-18%), an average of -6.3% a year. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Concepts of Independence Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include San Francisco Food Bank ($165.7m), Neo Philanthropy Inc ($167.6m) and Consortium for Elections and Political Process Strengthening ($165.1m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $1.1m (0.7% of expenses). Other salaries and wages came to $140.6m. At year end it held assets of $124.7m against liabilities of $28.3m, net assets of $96.4m. It reported 6,263 employees.