International Education and Community Initiatives

Analysis

International Education and Community Initiatives is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in March 1981, 45 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, International Education and Community Initiatives reported income of $14.4m and spending of $13.7m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.0m to $14.4m (+31%), an average of +6.9% a year. The sharpest change came in the year to June 2023, when income rose by 25%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, International Education and Community Initiatives sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within PA. Charities of a similar size with the same main cause include Seton Home Study School ($14.3m), Samuel a Fryer Yavneh Academy ($14.4m) and Excelsior Academy ($14.3m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $436k (3.2% of expenses). Other salaries and wages came to $7.4m. At year end it held assets of $21.5m against liabilities of $20.5m, net assets of $914k. It reported 195 employees.