Inner Force Economic Development Corp

Analysis

Inner Force Economic Development Corp is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in April 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2022, Inner Force Economic Development Corp reported income of $151k and spending of $249k, spending 165% of what it took in. Across the 5 years on record, from December 2018 to December 2022, income fell from $309k to $151k (-51%), an average of -16% a year. The sharpest change came in the year to December 2020, when income dropped by 52%. Over the whole period it spent 128% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Inner Force Economic Development Corp sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within NY. Charities of a similar size with the same main cause include Blaine Scholarship Foundation ($151k), Global Ecumenical Ministries Through Utc - Zimbabwe Inc ($151k) and Abington Heights Civic League Inc ($151k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 14% and program service revenue 86% of the total. Other salaries and wages came to $197k. At year end it held assets of $45k against liabilities of $205k, net assets of -$159k. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.