International Caterers Association Educational Foundation

Analysis

International Caterers Association Educational Foundation is a registered charity in United States, based in Staten Island, NY. It received its IRS tax-exemption ruling in July 2002, 24 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, International Caterers Association Educational Foundation reported income of $1.1m and spending of $944k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $653k to $1.1m (+71%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 243%. Over the whole period it spent 82% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, International Caterers Association Educational Foundation sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include Windstorm Insurance Network Inc ($1.1m), New Perspectives Inc ($1.1m) and Newcorp Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $1.2m against liabilities of $504k, net assets of $690k.