Charity Search / INDEPENDENCE WORKS INC
Human Services (P80) 990 on File

INDEPENDENCE WORKS INC

EIN: 20-3383117 · WEST PALM BCH, FL 33409-3408 · United States · FY 2025 Data
3 out of 5 56 / 100 Based on 2+ years of filings
Financial strength (30%) 80/100
Reliability (20%) 55/100
Effectiveness (25%) 85/100
Impact (25%) No data yet
Financial data: FY 2025 · Scored 9/13/2026
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Financial Overview — FY 2025
$2.2M
Total Revenue
$2.3M
Total Expenses
$279K
Net Assets
192
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 83.3%
Fundraising Efficiency N/A
Operating Reserve 1.45x
Liability-to-Asset 42.7%
Revenue Diversification 99.6%
Compared with Peers
FY 2025
Compared with 4,886 similar organizations (United States, Human Services, $1M–$10M in expenses), FY 2025.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
83.3% 85.3%
P10P90
Below median
Admin expense ratio
Management and general / total expenses · lower is better
16.7% 11.6%
P10P90
Below median
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
0.0% 0.4%
P10P90
Top quarter
Operating reserve
Months of expenses covered by net assets · higher is better
1.5 mo 9.1 mo
P10P90
Bottom quarter
Liabilities to assets
Total liabilities / total assets · lower is better
42.7% 12.6%
P10P90
Bottom quarter
Revenue concentration
Share of revenue from the largest source · lower is better
99.6% 92.3%
P10P90
Bottom quarter
Revenue growth
Year over year revenue growth
33.4% 5.5%
P10P90
Expense growth
Year over year expense growth
19.4% 5.5%
P10P90
Surplus margin
Surplus as a share of revenue
-5.4% 2.7%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2025 $2.2M $2.3M $279K 83.3% 192
2024 $1.6M $1.9M $397K 83.3% 190
2023 $1.7M $1.8M $689K 83.3% 181
2022 $1.8M $1.4M $764K 83.5% 152
2021 $1.4M $1.3M N/A — 154
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Organization Details
EIN
20-3383117
State
FL
City
WEST PALM BCH
ZIP
33409-3408
Classification
P80
Category
Human Services
Rating
3★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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