Ince Foundation Inc

Analysis

Ince Foundation Inc is a registered charity in United States, based in Wakefield, MA. It received its IRS tax-exemption ruling in August 1998, 28 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Ince Foundation Inc reported income of $61k and spending of $49k, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $48k to $61k (+27%), an average of +6.1% a year. The sharpest change came in the year to December 2020, when income rose by 87%. Over the whole period it spent 65% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Ince Foundation Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 32nd percentile within MA. Charities of a similar size with the same main cause include Killingworth Lions Charities Inc ($61k), Cherryland Electric Community Caring Fund Inc ($61k) and City of Orange Police Association Officer Down & Scholarship Fund ($61k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% of the total. At year end it held assets of $654k against liabilities of $0, net assets of $654k.