Becoming Independent

Analysis

Becoming Independent is a registered charity in United States, based in Santa Rosa, CA. It received its IRS tax-exemption ruling in July 1980, 46 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Becoming Independent reported income of $16.9m and spending of $12.3m, leaving 27% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $13.7m to $16.9m (+23%), an average of +4.3% a year. The sharpest change came in the year to June 2021, when income rose by 29%. Over the whole period it spent 76% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Becoming Independent sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include High Plains Christian Ministries Foundation ($16.9m), Assistance Unlimited Inc ($16.9m) and Boulder Crest Foundation ($16.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 14% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $887k (7.2% of expenses). Other salaries and wages came to $6.9m. At year end it held assets of $30.3m against liabilities of $1.0m, net assets of $29.3m. It reported 360 employees.