Independence Health & Therapy
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves
Independence Health & Therapy is a 501(c)(3) organization based in Woodstock, Illinois, registered in 1982, with $3,470,369 in FY2024 revenue. CharityIndex grades it B.
2028 N Seminary Ave, Woodstock, IL, 60098 EIN 36-3152022 Since 1982
Revenue (FY2024)
$3.5M
▲ 9.1% vs prior year
Expenses (FY2024)
$3.3M
Net assets
$2.1M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Independence Health & Therapy— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating7 mo reserves · +4% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Independence Health & Therapy: 7 mo reserves · +4% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Independence Health & Therapy— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Independence Health & Therapy: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $2.0M (FY2013) to $3.5M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $836KNet assets $2.1M
Operating margin
3.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$2.9M
Total liabilities
$836K
Net assets
$2.1M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $3,470,369▲9.1% | $3,339,088▼7.3% | $2,070,057▲3.3% | $2,905,951▲1.9% | 990 |
| 2023 | $3,180,336▲26.4% | $3,603,024▲15.9% | $2,002,997▼19.9% | $2,852,196▼16.9% | 990 |
| 2022 | $2,516,979▼18.6% | $3,109,497▲2.4% | $2,500,969▼16.7% | $3,430,635▼10.8% | 990 |
| 2021 | $3,091,116▲0.6% | $3,036,144▲23.5% | $3,002,098▲3.9% | $3,846,089▼7.6% | 990 |
| 2020 | $3,072,508▲33.4% | $2,458,086▼13.2% | $2,888,405▲43.7% | $4,163,560▲16.2% | 990 |
| 2019 | $2,303,176▼17.3% | $2,833,498▼4.5% | $2,010,713▼20.3% | $3,584,243▲1.5% | 990 |
| 2018 | $2,784,807▲30.8% | $2,966,873▲41.8% | $2,522,576▲106% | $3,530,457▲64.5% | 990 |
| 2017 | $2,128,623▲1.2% | $2,091,890▲3.3% | $1,222,411▲3.1% | $2,146,599▼4.9% | 990 |
| 2016 | $2,103,166▼5.4% | $2,024,303▼11.9% | $1,185,678▲7.1% | $2,257,487▼0.6% | 990 |
| 2015 | $2,223,477▼0.8% | $2,299,000▼13.6% | $1,106,815▼6.4% | $2,271,392▼1.6% | 990 |
| 2014 | $2,240,689▲11.6% | $2,661,694▲19.2% | $1,182,338▼26.3% | $2,308,181▲1.1% | 990 |
| 2013 | $2,007,325 | $2,232,902▲5.2% | $1,603,343▼12.3% | $2,282,202▼9.0% | 990 |
| 2012 | — | $2,122,334▼8.1% | $1,828,920▼2.1% | $2,508,585▼7.1% | 990 |
| 2011 | — | $2,308,915 | $1,868,104 | $2,701,642 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $57K total
2 grants to Independence Health & Therapy totaling $57K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Northwestern Memorial Healthcare | Access to adult day and memory care | 2023 | $35,000 |
| Northwestern Memorial Healthcare | Access to care support | 2022 | $22,000 |
Frequently asked questions
- Is Independence Health & Therapy a legitimate nonprofit?
- Yes. Independence Health & Therapy is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 36-3152022, based in Woodstock, Illinois. Donations are tax-deductible.
- What is Independence Health & Therapy's EIN?
- Independence Health & Therapy's Employer Identification Number (EIN) is 36-3152022.
- How much revenue does Independence Health & Therapy report?
- Independence Health & Therapy reported $3,470,369 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Independence Health & Therapy have?
- CharityIndex grades Independence Health & Therapy B, based on financial health (reserves and operating margin).
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Data for Independence Health & Therapy (EIN 36-3152022) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.