Ieee Foundation Inc

Analysis

Ieee Foundation Inc is a registered charity in United States, based in Piscataway, NJ. It received its IRS tax-exemption ruling in June 1973, 53 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, Ieee Foundation Inc reported income of $10.0m and spending of $6.9m, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.6m to $10.0m (+32%), an average of +7.1% a year. The sharpest change came in the year to December 2021, when income rose by 41%. Over the whole period it spent 63% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ieee Foundation Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NJ. Charities of a similar size with the same main cause include Renaissance Charter School 2 ($10.0m), Queen City Academy Charter School Inc ($10.0m) and Five Colleges Incorporated ($10.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% of the total. It paid $12k in professional fundraising fees. At year end it held assets of $76.5m against liabilities of $2.3m, net assets of $74.2m.