Quick charity verification for Independence Works Inc (EIN: 203383117)
Verdict: Independence Works Inc appears trustworthy
95/100Mission Score
$1.6MRevenue
$549KAssets
1Red Flags
4Strengths
Red Flags
Recent minor deficit in 202306 ($1,745,060 revenue vs. $1,820,562 expenses)
Strengths
Consistent revenue growth over the past decade
Zero officer compensation reported across all filings
Significant growth in assets from $250,975 in 201906 to $867,423 in 202306
Generally positive net income (revenue exceeding expenses) in most periods
Spending Breakdown
How Independence Works Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
5%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Independence Works Inc
Is Independence Works Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Independence Works Inc (EIN: 203383117) appears trustworthy. Mission Score: 95/100. 1 red flag identified, 4 strengths noted.
Is Independence Works Inc a good charity to donate to?
Independence Works Inc has a Mission Score of 95/100. Revenue: $1.6M. Assets: $549K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Independence Works Inc?
The Employer Identification Number (EIN) for Independence Works Inc is 203383117. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Independence Works Inc spend its money?
Independence Works Inc allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Independence Works Inc's tax-exempt status?
You can verify Independence Works Inc's tax-exempt status using EIN 203383117 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Independence Works Inc. demonstrates a generally stable financial trajectory, with revenues consistently exceeding expenses in most recent periods, indicating sound operational management. For instance, in 202206, revenue was $1,798,472 against expenses of $1,413,514, resulting in a significant surplus. While the 202306 period showed a slight deficit with expenses of $1,820,562 exceeding revenue of $1,745,060, this appears to be an anomaly in an otherwise positive trend. The organization's assets have also shown substantial growth, increasing from $250,975 in 201906 to $867,423 in 202306, suggesting a healthy accumulation of resources. The consistent reporting of 0% officer compensation across all available filings is a strong indicator of financial transparency and a commitment to directing funds towards the mission rather than executive salaries. This practice significantly enhances public trust and reflects a donor-centric approach to financial management.