Independence Center Inc
EIN: 411276666 · Waite Park, MN · NTEE: J200
| Metric | Value |
|---|---|
| Total Revenue | $729K |
| Total Expenses | $1.4M |
| Net Assets | $384K |
Is Independence Center Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Independence Center Inc
Independence Center Inc (EIN: 411276666) is a nonprofit organization based in Waite Park, MN, classified under NTEE code J200. The organization reported total revenue of $729K and total assets of $430K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Independence Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Independence Center Inc is a small nonprofit that has been operating for 50 years, with 8 years of IRS 990 filings on record (2011–2018). Revenue has grown at a compound annual rate of -3.1%.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
| Total Revenue | $728K |
| Total Expenses | $1.4M |
| Surplus / Deficit | $-708,631 |
| Total Assets | $430K |
| Total Liabilities | $46K |
| Net Assets | $384K |
| Operating Margin | -97.3% |
| Debt-to-Asset Ratio | 10.6% |
| Months of Reserves | 3.6 months |
Financial Health Grade: B
In 2018, Independence Center Inc reported a deficit of $709K with expenses exceeding revenue, holds 3.6 months of operating reserves (adequate), has a debt-to-asset ratio of 10.6% (very low leverage).
Financial Trends
Over 8 years of filings (2011–2018), Independence Center Inc's revenue has declined at a compound annual growth rate (CAGR) of -3.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2018 | -26.8% | +60.0% | -75.0% |
| 2017 | +0.3% | -0.9% | +0.8% |
| 2016 | +7.3% | -1.2% | +7.5% |
| 2015 | +4.1% | +3.7% | -1.1% |
| 2014 | +0.2% | -1.5% | +18.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1976 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Independence Center Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Independence Center Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $709K, with expenses exceeding revenue.
- Debt-to-asset ratio: 10.6%.
Frequently Asked Questions about Independence Center Inc
Is Independence Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Independence Center Inc (EIN: 411276666) insufficient data. 0 red flags identified, 0 strengths noted.
How does Independence Center Inc spend its money?
Detailed spending breakdown data is not yet available for Independence Center Inc. Check back for updated IRS 990 analysis.
Are donations to Independence Center Inc tax-deductible?
Independence Center Inc is registered as a tax-exempt nonprofit (EIN: 411276666). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Independence Center Inc located?
Independence Center Inc is headquartered in Waite Park, Minnesota and files with the IRS under EIN 411276666. It is classified under NTEE code J200.
How many years of IRS 990 filings does Independence Center Inc have?
Independence Center Inc has 8 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $729K in total revenue.
Filing History
IRS 990 filing history for Independence Center Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2018), Independence Center Inc's revenue has declined by 19.8%, moving from $908K to $728K. Total assets decreased by 68.6% over the same period, from $1.4M to $430K. Total functional expenses rose by 63.1%, from $881K to $1.4M. In its most recent filing year (2018), Independence Center Inc reported a deficit of $709K, with expenses exceeding revenue. The organization holds $46K in liabilities against $430K in assets (debt-to-asset ratio: 10.6%), resulting in net assets of $384K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2018 | $728K | $1.4M | $430K | $46K | — | View 990 |
| 2017 | $996K | $898K | $1.7M | $605K | — | View 990 |
| 2016 | $993K | $907K | $1.7M | $696K | — | View 990 |
| 2015 | $926K | $918K | $1.6M | $665K | — | View 990 |
| 2014 | $889K | $885K | $1.6M | $682K | — | View 990 |
| 2013 | $888K | $899K | $1.4M | $442K | — | View 990 |
| 2012 | $914K | $857K | $1.4M | $479K | — | View 990 |
| 2011 | $908K | $881K | $1.4M | $504K | — | View 990 |
Year-by-Year Financial Summary
- 2018: Revenue of $728K, expenses of $1.4M, and assets of $430K (revenue -26.8% year-over-year).
- 2017: Revenue of $996K, expenses of $898K, and assets of $1.7M (revenue +0.3% year-over-year).
- 2016: Revenue of $993K, expenses of $907K, and assets of $1.7M (revenue +7.3% year-over-year).
- 2015: Revenue of $926K, expenses of $918K, and assets of $1.6M (revenue +4.1% year-over-year).
- 2014: Revenue of $889K, expenses of $885K, and assets of $1.6M (revenue +0.2% year-over-year).
- 2013: Revenue of $888K, expenses of $899K, and assets of $1.4M (revenue -2.8% year-over-year).
- 2012: Revenue of $914K, expenses of $857K, and assets of $1.4M (revenue +0.6% year-over-year).
- 2011: Revenue of $908K, expenses of $881K, and assets of $1.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Independence Center Inc:
Data Sources and Methodology
This transparency report for Independence Center Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.