Independence Institute

Analysis

Independence Institute is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in August 1985, 41 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 Institute reported income of $3.6m and spending of $2.7m, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.8m to $3.6m (-3.6%), an average of -0.9% a year. The sharpest change came in the year to December 2022, when income rose by 30%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Independence Institute sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within CO. Charities of a similar size with the same main cause include Indiana Public Broadcasting Stations Inc ($3.6m), Transition House Inc ($3.6m) and Talleyville Fire Co ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $158k (5.7% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $6.3m against liabilities of $128k, net assets of $6.2m. It reported 16 employees.