Independence Landing Inc

Analysis

Independence Landing Inc is a registered charity in United States, based in Tallahassee, FL. It received its IRS tax-exemption ruling in February 2018, 8 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 December 2022, Independence Landing Inc reported income of $358k and spending of $80k, leaving 78% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $300k to $358k (+19%), an average of +6.1% a year. The sharpest change came in the year to December 2021, when income rose by 455%. Over the whole period it spent 24% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Independence Landing Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 68th percentile within FL. Charities of a similar size with the same main cause include Neighborhood Effort ($358k), United Church Residences of Olean New York Inc ($359k) and Cornerstone Community ($358k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 91% and program service revenue 1.6% of the total. At year end it held assets of $970k against liabilities of $8,992, net assets of $961k.