Independence Place Inc

Analysis

Independence Place Inc is a registered charity in United States, based in Manning, SC. It received its IRS tax-exemption ruling in March 1993, 33 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Place Inc reported income of $78k and spending of $90k, spending 115% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $78k to $78k (-0.0%), an average of +-0.0% a year. Over the whole period it spent 120% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Independence Place Inc sits at the 17th percentile: it is larger than about 17% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 36th percentile within SC. Charities of a similar size with the same main cause include Progressive Eldercare Services Cleveland Inc ($78k), Collins Way Inc ($78k) and Parc Place Inc ($78k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 47% and program service revenue 53% of the total. Other salaries and wages came to $9,000. At year end it held assets of $118k against liabilities of $41k, net assets of $76k.