Public Charity

The Independence Fund Inc

The Independence Fund Inc is a nonprofit organization categorized as Public Charity based in Charlotte, NC. Its most recent IRS filing (2024) reports revenue of $6.1M, expenses of $9.8M, total assets of $3.9M. Imperigo tracks 150 reported grant relationships connected to this organization totaling approximately $8.0M.

EIN: 260322088 Charlotte, NC Military & Veterans Organizations NTEE: W30 Latest filing: 2024
Total Revenue$6.1M
Total Expenses$9.8M
Total Assets$3.9M
Grant Records150
Funding Total$8.0M
Filing Years2019–2024

Mission

To serve the Warfighter community by providing programs and services that foster the physical, mental, emotional, and spiritual independence of our service members, combat Veterans, their Caregivers, families and Allies who served alongside them in combat.

Where $100 goes at The Independence Fund Inc

How The Independence Fund Inc divides every $100 it spends, from its own Form 990 filings, averaged across 6 years.

$75 Programs the work itself
$17 Management running the organization
$8 Fundraising raising the next dollar

Inside the $75 for programs

$75
Advocacy Program The Independence Funds Advocacy team champions Veterans voices, focusing on their most critical needs upon returning home
All program spending · Reported in the filing: 11 units
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

Secretary Alea Nadeem
Director Cheryl Mason
COO Clark Pennington
CFO Dena Lecompt
Chair Grant Campbell
Director Jennifer Korn

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$5,555,951 107 grants
International Aid & Development
$1,471,965 2 grants
Health & Medicine
$176,363 2 grants
Human & Social Services
$104,732 6 grants
Economic Development
$75,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $6.1M $9.8M $3.9M
2023 $12.5M $13.3M $7.6M
2021 $7.9M $5.6M $8.2M
2020 $5.6M $5.0M $5.6M
2019 $6.5M $9.4M $4.6M

Between 2019 and 2024, reported annual revenue declined from $6.5M to $6.1M (-5%), with total assets most recently reported at $3.9M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for The Independence Fund Inc

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