Independence Mission Schools
EIN: 454720688 · Kng Of Prussa, PA · NTEE: B24
Is Independence Mission Schools Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Independence Mission Schools
Independence Mission Schools (EIN: 454720688) is a nonprofit organization based in Kng Of Prussa, PA, classified under NTEE code B24. The organization reported total revenue of $34.2M and total assets of $52.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Independence Mission Schools's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Independence Mission Schools is a large nonprofit that has been operating for 13 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 62.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $46.9M |
| Total Expenses | $33.0M |
| Surplus / Deficit | +$13.9M |
| Total Assets | $51.6M |
| Total Liabilities | $5.3M |
| Net Assets | $46.3M |
| Operating Margin | 29.6% |
| Debt-to-Asset Ratio | 10.3% |
| Months of Reserves | 18.8 months |
Financial Health Grade: A
In 2023, Independence Mission Schools reported a surplus of $13.9M with revenue exceeding expenses, holds 18.8 months of operating reserves (strong position), has a debt-to-asset ratio of 10.3% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Independence Mission Schools's revenue has grown at a compound annual growth rate (CAGR) of 62.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +22.8% | +4.0% | +31.7% |
| 2022 | +21.8% | +14.0% | +23.2% |
| 2021 | +7.7% | +3.5% | +8.1% |
| 2020 | -19.2% | -16.6% | +23.0% |
| 2019 | +16.8% | -0.6% | +23.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Independence Mission Schools 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 Mission Schools 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $13.9M, with revenue exceeding expenses.
- Debt-to-asset ratio: 10.3%.
Frequently Asked Questions about Independence Mission Schools
Is Independence Mission Schools a legitimate charity?
Based on AI analysis of IRS 990 filings, Independence Mission Schools (EIN: 454720688) insufficient data. 0 red flags identified, 0 strengths noted.
How does Independence Mission Schools spend its money?
Detailed spending breakdown data is not yet available for Independence Mission Schools. Check back for updated IRS 990 analysis.
Are donations to Independence Mission Schools tax-deductible?
Independence Mission Schools is registered as a tax-exempt nonprofit (EIN: 454720688). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Independence Mission Schools showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Independence Mission Schools's revenue has grown by 20101.9%, moving from $232K to $46.9M. Total assets increased by 26780.7% over the same period, from $192K to $51.6M. Total functional expenses rose by 82443.7%, from $40K to $33.0M. In its most recent filing year (2023), Independence Mission Schools reported a surplus of $13.9M, with revenue exceeding expenses. The organization holds $5.3M in liabilities against $51.6M in assets (debt-to-asset ratio: 10.3%), resulting in net assets of $46.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $46.9M | $33.0M | $51.6M | $5.3M | — | View 990 |
| 2022 | $38.2M | $31.7M | $39.2M | $7.4M | — | View 990 |
| 2021 | $31.3M | $27.8M | $31.8M | $5.8M | — | — |
| 2020 | $29.1M | $26.9M | $29.4M | $7.7M | — | View 990 |
| 2019 | $36.0M | $32.3M | $23.9M | $4.8M | — | View 990 |
| 2018 | $30.8M | $32.5M | $19.3M | $4.1M | — | View 990 |
| 2017 | $34.9M | $30.7M | $21.1M | $4.2M | — | View 990 |
| 2016 | $30.4M | $27.0M | $15.2M | $2.5M | — | View 990 |
| 2015 | $25.9M | $22.2M | $11.4M | $3.1M | — | View 990 |
| 2014 | $23.3M | $19.7M | $7.5M | $2.8M | — | View 990 |
| 2013 | $1.5M | $674K | $1.1M | $60K | — | View 990 |
| 2012 | $232K | $40K | $192K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $46.9M, expenses of $33.0M, and assets of $51.6M (revenue +22.8% year-over-year).
- 2022: Revenue of $38.2M, expenses of $31.7M, and assets of $39.2M (revenue +21.8% year-over-year).
- 2021: Revenue of $31.3M, expenses of $27.8M, and assets of $31.8M (revenue +7.7% year-over-year).
- 2020: Revenue of $29.1M, expenses of $26.9M, and assets of $29.4M (revenue -19.2% year-over-year).
- 2019: Revenue of $36.0M, expenses of $32.3M, and assets of $23.9M (revenue +16.8% year-over-year).
- 2018: Revenue of $30.8M, expenses of $32.5M, and assets of $19.3M (revenue -11.6% year-over-year).
- 2017: Revenue of $34.9M, expenses of $30.7M, and assets of $21.1M (revenue +14.7% year-over-year).
- 2016: Revenue of $30.4M, expenses of $27.0M, and assets of $15.2M (revenue +17.4% year-over-year).
- 2015: Revenue of $25.9M, expenses of $22.2M, and assets of $11.4M (revenue +10.9% year-over-year).
- 2014: Revenue of $23.3M, expenses of $19.7M, and assets of $7.5M (revenue +1462.1% year-over-year).
- 2013: Revenue of $1.5M, expenses of $674K, and assets of $1.1M (revenue +543.8% year-over-year).
- 2012: Revenue of $232K, expenses of $40K, and assets of $192K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Independence Mission Schools:
Data Sources and Methodology
This transparency report for Independence Mission Schools 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.