Independence Place Inc

Analysis

Independence Place Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in April 1993, 33 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 December 2023, Independence Place Inc reported income of $494k and spending of $465k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $355k to $494k (+39%), an average of +8.6% a year. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Independence Place Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within KY. Charities of a similar size with the same main cause include Gainesville Community Ministry Inc ($493k), Williamsburg Landing Continuing Care TR ($494k) and National Institute for Community ($493k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Other salaries and wages came to $327k. At year end it held assets of $135k against liabilities of $10k, net assets of $124k.