Independent Choices Inc
EIN: 311531645 · Port Clinton, OH · NTEE: P80
Is Independent Choices Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Independent Choices Inc
Independent Choices Inc (EIN: 311531645) is a nonprofit organization based in Port Clinton, OH, classified under NTEE code P80. The organization reported total revenue of $640K and total assets of $16K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Independent Choices Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Independent Choices Inc is a small nonprofit that has been operating for 28 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $626K |
| Total Expenses | $645K |
| Surplus / Deficit | $-19,369 |
| Total Assets | $5K |
| Total Liabilities | $39K |
| Net Assets | $-33,617 |
| Operating Margin | -3.1% |
| Debt-to-Asset Ratio | 715.4% |
| Months of Reserves | 0.1 months |
Financial Health Grade: D
In 2023, Independent Choices Inc reported a deficit of $19K with expenses exceeding revenue, holds 0.1 months of operating reserves (limited), has a debt-to-asset ratio of 715.4% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Independent Choices Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +12.4% | +19.2% | +135.8% |
| 2022 | +15.4% | -4.9% | -62.0% |
| 2021 | -26.7% | -2.7% | -92.0% |
| 2020 | +48.6% | +30.9% | +193.1% |
| 2019 | -10.1% | -10.5% | +553.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1998 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Independent Choices 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 Independent Choices 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $19K, with expenses exceeding revenue.
- Debt-to-asset ratio: 715.4%.
Frequently Asked Questions about Independent Choices Inc
Is Independent Choices Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Independent Choices Inc (EIN: 311531645) insufficient data. 0 red flags identified, 0 strengths noted.
How does Independent Choices Inc spend its money?
Detailed spending breakdown data is not yet available for Independent Choices Inc. Check back for updated IRS 990 analysis.
Are donations to Independent Choices Inc tax-deductible?
Independent Choices Inc is registered as a tax-exempt nonprofit (EIN: 311531645). 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 Independent Choices Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Independent Choices Inc's revenue has grown by 170.2%, moving from $231K to $626K. Total assets decreased by 62.9% over the same period, from $15K to $5K. Total functional expenses rose by 192.5%, from $220K to $645K. In its most recent filing year (2023), Independent Choices Inc reported a deficit of $19K, with expenses exceeding revenue. The organization holds $39K in liabilities against $5K in assets (debt-to-asset ratio: 715.4%), resulting in net assets of $-33,617.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $626K | $645K | $5K | $39K | — | — |
| 2022 | $557K | $541K | $2K | $17K | — | View 990 |
| 2021 | $482K | $568K | $6K | $36K | — | View 990 |
| 2020 | $658K | $584K | $76K | $20K | — | View 990 |
| 2019 | $443K | $446K | $26K | $44K | — | View 990 |
| 2018 | $493K | $498K | $4K | $18K | — | View 990 |
| 2017 | $489K | $468K | $13K | $21K | — | View 990 |
| 2016 | $449K | $442K | $5K | $34K | — | View 990 |
| 2015 | $418K | $439K | $14K | $51K | — | View 990 |
| 2014 | $351K | $341K | $12K | $28K | — | View 990 |
| 2013 | $409K | $405K | $3K | $29K | — | View 990 |
| 2012 | $292K | $311K | $5K | $35K | — | View 990 |
| 2011 | $231K | $220K | $15K | $25K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $626K, expenses of $645K, and assets of $5K (revenue +12.4% year-over-year).
- 2022: Revenue of $557K, expenses of $541K, and assets of $2K (revenue +15.4% year-over-year).
- 2021: Revenue of $482K, expenses of $568K, and assets of $6K (revenue -26.7% year-over-year).
- 2020: Revenue of $658K, expenses of $584K, and assets of $76K (revenue +48.6% year-over-year).
- 2019: Revenue of $443K, expenses of $446K, and assets of $26K (revenue -10.1% year-over-year).
- 2018: Revenue of $493K, expenses of $498K, and assets of $4K (revenue +0.7% year-over-year).
- 2017: Revenue of $489K, expenses of $468K, and assets of $13K (revenue +9.0% year-over-year).
- 2016: Revenue of $449K, expenses of $442K, and assets of $5K (revenue +7.3% year-over-year).
- 2015: Revenue of $418K, expenses of $439K, and assets of $14K (revenue +19.3% year-over-year).
- 2014: Revenue of $351K, expenses of $341K, and assets of $12K (revenue -14.3% year-over-year).
- 2013: Revenue of $409K, expenses of $405K, and assets of $3K (revenue +40.3% year-over-year).
- 2012: Revenue of $292K, expenses of $311K, and assets of $5K (revenue +26.0% year-over-year).
- 2011: Revenue of $231K, expenses of $220K, and assets of $15K.
Data Sources and Methodology
This transparency report for Independent Choices 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.