Itnamerica

Analysis

Itnamerica is a registered charity in United States, based in Westbrook, ME. It received its IRS tax-exemption ruling in March 2006, 20 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, Itnamerica reported income of $1.6m and spending of $1.8m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $217k to $1.6m (+661%), an average of +66% a year. The sharpest change came in the year to June 2020, when income rose by 464%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Itnamerica sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within ME. Charities of a similar size with the same main cause include Operation Blankets of Love ($1.6m), Davis Kids Klub ($1.7m) and Auburn Public Library ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 6.1% of the total. Compensation of current officers, directors and key employees was $84k (4.8% of expenses). Other salaries and wages came to $700k. At year end it held assets of $1.6m against liabilities of $876k, net assets of $702k. It reported 19 employees.