Icouldbe Org Inc

Analysis

Icouldbe Org Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in November 2001, 25 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 June 2023, Icouldbe Org Inc reported income of $983k and spending of $1.0m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $748k to $983k (+31%), an average of +7.1% a year. The sharpest change came in the year to June 2022, when income rose by 64%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Icouldbe Org Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include West Central Municipal Conference ($982k), Quincea Inc ($983k) and Associated Builders and Contractors of Southeast Texas ($980k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 8.5% of the total. Compensation of current officers, directors and key employees was $459k (46% of expenses). Other salaries and wages came to $157k. At year end it held assets of $455k against liabilities of $61k, net assets of $394k. It reported 9 employees.