Ipswich Education Foundation Inc

Analysis

Ipswich Education Foundation Inc is a registered charity in United States, based in Ipswich, MA. It received its IRS tax-exemption ruling in January 1996, 30 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ipswich Education Foundation Inc reported income of $132k and spending of $85k, leaving 36% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $22k to $132k (+500%), an average of +43% a year. The sharpest change came in the year to December 2021, when income rose by 259%. Over the whole period it spent 155% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ipswich Education Foundation Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 50th percentile within MA. Charities of a similar size with the same main cause include Denver Debutante Ball Inc ($132k), Cedarcrest High School Ptsa 2 16 35 ($132k) and Valatie Free Library ($132k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $390k against liabilities of $3,138, net assets of $386k.