Incharge Education Foundation Inc

Analysis

Incharge Education Foundation Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in February 2007, 19 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Incharge Education Foundation Inc reported income of $7.4m and spending of $6.0m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $7.4m (+399%), an average of +50% a year. The sharpest change came in the year to December 2020, when income rose by 177%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Incharge Education Foundation Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within FL. Charities of a similar size with the same main cause include Young Womens Christian Association ($7.4m), Blue Island Citizens for Persons with Developmental Disabilities ($7.4m) and Congregations Linked in Urban Strategy to Effect Renewal Inc ($7.4m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $231k (3.8% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $8.1m against liabilities of $286k, net assets of $7.8m. It reported 37 employees.