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 145 reported grant relationships connected to this organization totaling approximately $7.9M.

EIN: 260322088 Charlotte, NC Latest filing: 2024
Total Revenue$6.1M
Total Expenses$9.8M
Total Assets$3.9M
Grant Records145
Funding Total$7.9M
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.

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

For grant recipient's exempt purposes
$1,935,308 9 grants
Refugee Programs
$1,471,965 2 grants
CHARITABLE DONATION
$764,592 3 grants
PUBLIC, SOCIETAL BENEFIT
$615,613 15 grants
GENERAL SUPPORT
$471,046 25 grants

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.

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