Independence Square Housing Corp Inc

Analysis

Independence Square Housing Corp Inc is a registered charity in United States, based in Watsonville, CA. It received its IRS tax-exemption ruling in September 2015, 11 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 March 2023, Independence Square Housing Corp Inc reported income of $2.0m and spending of $1.7m, spending 84% of its income. Across the 4 years on record, from March 2020 to March 2023, income grew from $1.8m to $2.0m (+11%), an average of +3.6% a year. Over the whole period it spent 82% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Independence Square Housing Corp Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Interfaith Housing Alliance Inc ($2.0m), Homesfund ($2.0m) and Sugar Valley Lodge Inc ($2.0m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $95k (5.7% of expenses). Other salaries and wages came to $549k. At year end it held assets of $3.0m against liabilities of $126k, net assets of $2.9m. It reported 13 employees.