Independence for Veterans Inc

Analysis

Independence for Veterans Inc is a registered charity in United States, based in Bedminster, NJ. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 for Veterans Inc reported income of $384k and spending of $423k, spending 110% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $189k to $384k (+104%), an average of +43% a year. The sharpest change came in the year to December 2023, when income rose by 61%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Independence for Veterans 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 66th percentile, and in the 72nd percentile within NJ. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($384k), Raynham Community Access Media Inc ($384k) and Non Profit Housing Corporation of Greater Houston ($384k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $74k (17% of expenses). At year end it held assets of $68k against liabilities of $158, net assets of $68k.