Inky Santas Toy Drive Inc

Analysis

Inky Santas Toy Drive Inc is a registered charity in United States, based in Nantucket, MA. It received its IRS tax-exemption ruling in September 2007, 19 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 June 2024, Inky Santas Toy Drive Inc reported income of $83k and spending of $95k, spending 114% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $111k to $83k (-25%), an average of -25% a year. The sharpest change came in the year to June 2024, when income dropped by 25%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Inky Santas Toy Drive Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 40th percentile within MA. Charities of a similar size with the same main cause include Geist Elementary PTO Inc ($83k), Svenska Skolan ($83k) and Lockport Township High School District 205 Foundation Inc ($83k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 98% of the total. At year end it held assets of $101k against liabilities of $947, net assets of $100k.