Independent Cities Association Inc

Analysis

Independent Cities Association Inc is a registered charity in United States, based in Encino, CA. It received its IRS tax-exemption ruling in February 2024, 2 years ago. Its declared purposes cover mutual and membership benefit, which this site groups under other charitable purposes. 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, Independent Cities Association Inc reported income of $530k and spending of $420k, leaving 21% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income fell from $588k to $530k (-9.8%), an average of -5.0% a year. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Independent Cities Association Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within CA. Charities of a similar size with the same main cause include San Damiano Inc ($530k), Gorilla Foundation ($530k) and Calabasas High School Coyote Booster Club ($530k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 76% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $99k (24% of expenses). At year end it held assets of $601k against liabilities of $0, net assets of $601k.