Independence Hill Inc

Analysis

Independence Hill Inc is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in March 2012, 14 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 (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 Hill Inc reported income of $195k and spending of $239k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $141k to $195k (+38%), an average of +8.3% a year. Over the whole period it spent 125% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Independence Hill Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 50th percentile within CO. Charities of a similar size with the same main cause include Indian Town Home Association ($195k), Magnolia Tree Apartments Inc ($195k) and Four Corners Community Development Corporation ($195k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 31% of the total. At year end it held assets of $692k against liabilities of $354k, net assets of $338k.

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.