Independence Resource Center Inc

Analysis

Independence Resource Center Inc is a registered charity in United States, based in Charlottesvle, VA. It received its IRS tax-exemption ruling in April 1985, 41 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 2024, Independence Resource Center Inc reported income of $668k and spending of $553k, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2024, income grew from $509k to $668k (+31%), an average of +7.0% a year. The sharpest change came in the year to June 2023, when income rose by 22%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Independence Resource Center Inc sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within VA. Charities of a similar size with the same main cause include St Lawrence Housing Inc ($668k), Path Workers Compensation Trust ($668k) and Bainbridge Island Child Care Centers ($668k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $90k (16% of expenses). At year end it held assets of $101k against liabilities of $101k, net assets of $0. It reported 5 employees.