Independence Pass Foundation

Analysis

Independence Pass Foundation is a registered charity in United States, based in Aspen, CO. It received its IRS tax-exemption ruling in February 1995, 31 years ago. Its declared purposes cover unknown, 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 Pass Foundation reported income of $346k and spending of $244k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $297k to $346k (+16%), an average of +3.9% a year. The sharpest change came in the year to December 2020, when income rose by 21%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Independence Pass Foundation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 61st percentile within CO. Charities of a similar size with the same main cause include New Mexico Literacy Institute ($346k), Prairie School Foundation ($346k) and Calu Inc ($346k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 4.8% of the total. Compensation of current officers, directors and key employees was $128k (52% of expenses). At year end it held assets of $912k against liabilities of $0, net assets of $912k. It reported 2 employees.