Friends of Ics

Analysis

Friends of Ics is a registered charity in United States, based in Zeeland, MI. It received its IRS tax-exemption ruling in February 1971, 55 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 December 2023, Friends of Ics reported income of $55k and spending of $67k, spending 122% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $82k to $55k (-33%), an average of -33% a year. The sharpest change came in the year to December 2023, when income dropped by 33%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Ics sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 21st percentile within MI. Charities of a similar size with the same main cause include Dublin Robotics Boosters ($55k), George Washington International Affairs Association Inc ($55k) and Warriors for Christ Christian Academy Inc ($55k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $42k against liabilities of $1,691, net assets of $40k.