Friends of the Ihes Inc

Analysis

Friends of the Ihes Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 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 2023, Friends of the Ihes Inc reported income of $13.4m and spending of $369k, leaving 97% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $783k to $13.4m (+1616%), an average of +104% a year. The sharpest change came in the year to December 2022, when income rose by 345%. Over the whole period it spent 9.8% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of the Ihes Inc sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Perry Street Preparatory Public Charter School ($13.4m), Trinity Foundation Inc ($13.4m) and Northcoast Childrens Services Inc ($13.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. It paid $52k in professional fundraising fees. At year end it held assets of $18.2m against liabilities of $68k, net assets of $18.1m.