Independence I Inc
Only null% goes to programs Strong reserves Growing revenue
Independence I Inc is a 501(c)(3) organization based in Westampton, New Jersey, registered in 2004, with $19,698 in FY2023 revenue. CharityIndex grades it D.
770 Woodlane Rd Ste 63, Westampton, NJ, 08060 EIN 20-1270189 Since 2004
Revenue (FY2023)
$20K
▼ 44.8% vs prior year
Housing median: $408K
Expenses (FY2023)
$28K
Net assets
$305K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—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 I Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DFinancial health25% of the rating131 mo reserves · -42% 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 I Inc: 131 mo reserves · -42% margin earns a D 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 I Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 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 I Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 770 Woodlane Rd Ste 63, Westampton, NJ, 08060
- City
- Westampton
- State
- New Jersey
- Category
- Housing & Shelter
- Subcategory
- Housing Development & Management
Financial trends
Revenue grew from $18K (FY2013) to $20K (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $3,102Net assets $305K
Operating margin
-41.7%
Spent more than it raised in the latest fiscal year.
Total assets
$308K
Total liabilities
$3,102
Net assets
$305K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $19,698▼44.8% | $27,919▼23.0% | $305,035▼2.6% | $308,137▼2.6% | 990 |
| 2022 | $35,686▲74.0% | $36,257▲40.3% | $313,256▼0.2% | $316,353▼0.2% | 990 |
| 2021 | $20,510▲117% | $25,841▲47.1% | $313,827▼1.7% | $316,924▼2.2% | 990 |
| 2020 | $9,443▼49.4% | $17,565▼30.0% | $319,158▼2.5% | $323,920▼2.0% | 990 |
| 2019 | $18,665▼16.8% | $25,078▼9.1% | $327,280▼1.9% | $330,377▼1.9% | 990 |
| 2018 | $22,438▲7.4% | $27,576▲20.8% | $333,693▼1.5% | $336,790▼1.5% | 990 |
| 2017 | $20,896▲14.5% | $22,825▼7.7% | $338,831▼0.6% | $341,928▼0.6% | 990 |
| 2016 | $18,254▼4.6% | $24,722▼3.4% | $340,760▼1.9% | $343,857▼1.8% | 990 |
| 2015 | $19,137▼26.0% | $25,584▲52.0% | $347,228▼1.8% | $350,325▼1.8% | 990 |
| 2014 | $25,862▲46.2% | $16,834▼0.6% | $353,675▲2.6% | $356,772▲2.6% | 990 |
| 2013 | $17,685 | $16,944▼7.9% | $344,647▲0.2% | $347,745▲0.3% | 990 |
| 2012 | — | $18,390 | $343,906 | $346,721 | 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.
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Frequently asked questions
- Is Independence I Inc a legitimate nonprofit?
- Yes. Independence I Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 20-1270189, based in Westampton, New Jersey. Donations are tax-deductible.
- What is Independence I Inc's EIN?
- Independence I Inc's Employer Identification Number (EIN) is 20-1270189.
- How much revenue does Independence I Inc report?
- Independence I Inc reported $19,698 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Independence I Inc have?
- CharityIndex grades Independence I Inc D, based on financial health (reserves and operating margin).
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Explore more
Data for Independence I Inc (EIN 20-1270189) 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.