Independence School Inc

Other · Newark, Delaware

1300 Paper Mill Rd, Newark, DE 19711-3408

EIN: 510225189· Founded: Dec 1979· 47 years active· Filing Year: 2023

Annual Revenue

$12.3M

Total Expenses

$11.8M

Total Assets

$26.8M

Program Spending

80%

of expenses go to programs

Compensation & Payroll

Total Officer Compensation

$415K

3.5% of total expenses

All officers, directors, and key employees combined

Other Salaries & Wages

$4.5M

Total Payroll

$4.9M

41% of total expenses

Where the Money Goes

80%

Programs: 80%

Payroll: 41%

Other overhead: 20%

Program Revenue$9.5M (77%)

Total Expenses$11.8M (96%)

Payroll$4.9M (41%)

Overhead (non-program)20%

Trust Score Breakdown

Program Spending Ratio

80% of expenses go to programs

40%

Revenue & Stability

$12.3M annual revenue

15%

Executive Compensation

$415K total officer comp (3.5% of expenses)

20%

Filing Recency

Most recent filing: 2023

15%

Asset Strength

$26.8M in assets

10%

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Data from IRS Form 990 filing (2023). Trust scores are calculated from public financial data and do not constitute endorsement or investment advice.