Mission
WE ENHANCE STABILITY AND FINANCIAL FREEDOM THROUGH SKILL ACQUISITION FOR CHILDREN AND ADULTS IN UNDERSERVED COMMUNITIES TO PROMOTE SELF- DETERMINATION AND INDEPENDENCE.
Public Charity
INDEPENDENCE FOUNDATION INC
INDEPENDENCE FOUNDATION INC is a Public Charity headquartered in BALTIMORE, MD. Financial data from the 2024 filing: $193K revenue, $192K expenses, $252K total assets.
EIN: 461746787
BALTIMORE, MD
Financial Counseling
NTEE: P51
Latest filing: 2024
Total Revenue$193K
Total Expenses$192K
Total Assets$252K
Grant Records0
Filing Years2019–2024
Where $100 goes at Independence Foundation Inc
How Independence Foundation Inc divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.
$55
Programs
the work itself
$45
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $55 for programs
$55
We provide a psychiatric rehabilitation program that supports and assists persons, children, and adults, with functional psychiatric impairments resulting from mental stresses to develop, enhance, retain and recover…
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
DIRECTOR
Hakim Ali
DIRECTOR
Lavon Magruder
VICE-CHAIRMA
Micheal Pope
SECRETARY
Tashawna Fennell
CHAIRMAN
Vincent Martin
Officer compensation and complete director data available with membership.
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $193K | $192K | $252K |
| 2023 | $162K | $172K | $258K |
| 2022 | $153K | $155K | $269K |
| 2020 | $289K | $284K | $298K |
| 2019 | $284K | $267K | $258K |
Between 2019 and 2024, reported annual revenue declined from $284K to $193K (-32%), with total assets most recently reported at $252K.
Interactive year-over-year charts and full filing details available with membership.