Endependence Center of Northern Virginia Inc

Analysis

Endependence Center of Northern Virginia Inc is a registered charity in United States, based in Arlington, VA. It received its IRS tax-exemption ruling in July 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 September 2023, Endependence Center of Northern Virginia Inc reported income of $2.3m and spending of $2.3m, spending 101% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.2m to $2.3m (+93%), an average of +18% a year. The sharpest change came in the year to September 2022, when income rose by 51%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Endependence Center of Northern Virginia Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within VA. Charities of a similar size with the same main cause include Romero Institute ($2.3m), Mission Hiring Hall Inc ($2.3m) and Greencroft Communities Foundation Inc ($2.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 83% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $117k (5.0% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $3.3m against liabilities of $3.0m, net assets of $280k. It reported 23 employees.