Ithaca Public Education Initiative Inc

Analysis

Ithaca Public Education Initiative Inc is a registered charity in United States, based in Ithaca, NY. It received its IRS tax-exemption ruling in November 1997, 29 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 June 2023, Ithaca Public Education Initiative Inc reported income of $229k and spending of $239k, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $267k to $229k (-14%), an average of -3.7% a year. The sharpest change came in the year to June 2022, when income dropped by 59%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ithaca Public Education Initiative Inc sits at the 57th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within NY. Charities of a similar size with the same main cause include Monterey Public Library Friends & Foundation ($229k), Classroom in Bloom ($229k) and Lakeside High School Friends of the Fine Arts ($229k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $69k (29% of expenses). At year end it held assets of $1.2m against liabilities of $1,650, net assets of $1.2m. It reported 1 employees.