Center for Independence

Analysis

Center for Independence is a registered charity in United States, based in Lakewood, WA. It received its IRS tax-exemption ruling in February 1998, 28 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 September 2023, Center for Independence reported income of $1.4m and spending of $1.3m, spending 95% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $904k to $1.4m (+54%), an average of +11% a year. The sharpest change came in the year to September 2021, when income rose by 51%. Over the whole period it spent 91% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Center for Independence sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within WA. Charities of a similar size with the same main cause include Ankit Rambabu Ministries Inc ($1.4m), Narrow Path ($1.4m) and Jesuit Collaborative ($1.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 80% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $76k (5.8% of expenses). At year end it held assets of $1.0m against liabilities of $269k, net assets of $762k. It reported 19 employees.