International College-Beirut Lebanon

Analysis

International College-Beirut Lebanon is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 1934, 92 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, International College-Beirut Lebanon reported income of $32.4m and spending of $31.1m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $53.3m to $32.4m (-39%), an average of -12% a year. The sharpest change came in the year to June 2023, when income dropped by 43%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, International College-Beirut Lebanon sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include Rabun Gap-Nacoochee School ($32.4m), River Islands Academies ($32.5m) and Meadow Oaks Education Foundation ($32.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $711k (2.3% of expenses). Other salaries and wages came to $13.9m. At year end it held assets of $189.4m against liabilities of $36.8m, net assets of $152.6m. It reported 22 employees.