Independence Manor II Inc

Analysis

Independence Manor II Inc is a registered charity in United States, based in Nacogdoches, TX. It received its IRS tax-exemption ruling in June 1985, 41 years ago. 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 Manor II Inc reported income of $360k and spending of $349k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $341k to $360k (+5.4%), an average of +1.3% a year. The sharpest change came in the year to December 2022, when income dropped by 17%. 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, Independence Manor II Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 69th percentile within TX. Charities of a similar size with the same main cause include J Robert Oppenheimer Memorial Committee Inc ($360k), United Way of the Mark Twain Area ($360k) and Pregnancy Counseling Services of El Dorado County ($360k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 32% of the total. Other salaries and wages came to $134k. At year end it held assets of $448k against liabilities of $682k, net assets of -$234k. It reported 9 employees.