Ivymount Outreach Programs Inc

Analysis

Ivymount Outreach Programs Inc is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in April 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Ivymount Outreach Programs Inc reported income of $721k and spending of $760k, spending 105% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $904k to $721k (-20%), an average of -5.5% a year. The sharpest change came in the year to June 2022, when income dropped by 29%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ivymount Outreach Programs Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MD. Charities of a similar size with the same main cause include Man Up Teacher Fellows Inc ($721k), Ma-Aua Education Fund Inc ($721k) and South Florida Fashion Academy Inc ($721k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.5% and program service revenue 97% of the total. Other salaries and wages came to $501k. At year end it held assets of $302k against liabilities of $148k, net assets of $154k. It reported 58 employees.