Idcs Inc

Analysis

Idcs Inc is a registered charity in United States, based in Norwich, CT. It received its IRS tax-exemption ruling in December 1997, 29 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Idcs Inc reported income of $5.7m and spending of $5.7m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.8m to $5.7m (+18%), an average of +4.2% a year. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Idcs Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within CT. Charities of a similar size with the same main cause include Community Leadership Academy Inc ($5.7m), Saginaw Valley State University Foundation ($5.7m) and Quality Team Corporation ($5.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 2.3% of the total. Compensation of current officers, directors and key employees was $662k (12% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $5.8m against liabilities of $292k, net assets of $5.5m. It reported 89 employees.