Independence House

Analysis

Independence House is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in August 1986, 40 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Independence House reported income of $987k and spending of $713k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $692k to $987k (+43%), an average of +9.3% a year. Over the whole period it spent 79% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Independence House sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include Coyote Central ($986k), Ateliers Eunice So ($987k) and National State Teachers of the Year Inc ($986k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $125k (18% of expenses). Other salaries and wages came to $128k. At year end it held assets of $1.0m against liabilities of $11k, net assets of $999k. It reported 9 employees.