I H M Center for Literacy and Ged Program

Analysis

I H M Center for Literacy and Ged Program is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in September 1991, 35 years ago. 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 December 2023, I H M Center for Literacy and Ged Program reported income of $155k and spending of $192k, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $164k to $155k (-5.3%), an average of -1.4% a year. The sharpest change came in the year to December 2022, when income rose by 57%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, I H M Center for Literacy and Ged Program sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 45th percentile within PA. Charities of a similar size with the same main cause include Hickory County Fire Rescue ($155k), Infusion Church Bay Area ($155k) and Buckeye Council Boy Scouts of America Paul Holsing Trust ($155k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $35k (18% of expenses). Other salaries and wages came to $18k. At year end it held assets of $280k against liabilities of $14k, net assets of $266k. It reported 4 employees.