Heightened Independence and Progress Inc

Analysis

Heightened Independence and Progress Inc is a registered charity in United States, based in Hackensack, NJ. It received its IRS tax-exemption ruling in November 1988, 38 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 September 2023, Heightened Independence and Progress Inc reported income of $2.0m and spending of $2.1m, spending 103% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.5m to $2.0m (+38%), an average of +8.4% a year. The sharpest change came in the year to September 2021, when income rose by 19%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Heightened Independence and Progress Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within NJ. Charities of a similar size with the same main cause include Lincoln Hill Retirement Community ($2.0m), Reach Resource Services ($2.0m) and Ourbridge Inc ($2.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 71% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $80k (3.9% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $1.7m against liabilities of $446k, net assets of $1.2m.