Independence Foundation

Organization Overview

Independence Foundation is located in Philadelphia, PA. The organization was established in 1946. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Independence Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2020, Independence Foundation generated $2.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $5.7m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.

Since 2014, Independence Foundation has awarded 1,410 individual grants totaling $28,956,935. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Rkl Llp
$69,090
Rkl Llp
$69,090
Foundation Source
$85,020
Foundation Source
$85,020
View All Vendors

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $2,463
Dividends & Interest $1,958,374
Net Rental Income$0
Net Gain on Sale of Assets $809,467
Capital Gain Net Income $809,467
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $45,630
Total Revenue $2,815,934

Grants Awarded

Over the last fiscal year, Independence Foundation has awarded $7,436,422 in support to 552 organizations.

Grant RecipientAmount

BROAD STREET MINISTRY

PURPOSE: STEP UP TO THE PLATE

$179,563

BROAD STREET MINISTRY

PURPOSE: STEP UP TO THE PLATE

$179,563

PLANNED PARENTHOOD OF SEPA

PURPOSE: GENERAL OPERATING

$75,000

PLANNED PARENTHOOD OF SEPA

PURPOSE: GENERAL OPERATING

$75,000

PHILADELPHIA MURAL ARTS

PURPOSE: GENERAL OPERATING

$70,000

PHILADELPHIA MURAL ARTS

PURPOSE: GENERAL OPERATING

$70,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Independence Foundation has recieved totaling $50,000.

Awarding OrganizationAmount
Hfo Foundation

Philadelphia, PA

PURPOSE: GENERAL

$50,000
View Grant Recipient Profile

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