Independence House

Analysis

Independence House is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in June 2003, 23 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Independence House reported income of $63k and spending of $90k, spending 142% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $53k to $63k (+21%), an average of +4.8% a year. Over the whole period it spent 140% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Independence House sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 24th percentile within VA. Charities of a similar size with the same main cause include Christmas Commandos ($63k), Trax Equestrian Center Inc ($63k) and Louder Than Silence ($63k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $480k against liabilities of $57k, net assets of $423k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.