Itineris Inc

Analysis

Itineris Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in December 2008, 18 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 2023, Itineris Inc reported income of $6.4m and spending of $5.5m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.1m to $6.4m (+109%), an average of +20% a year. The sharpest change came in the year to June 2023, when income rose by 48%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Itineris Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MD. Charities of a similar size with the same main cause include Jesup Memorial Library ($6.4m), Tulsa Legacy Charter School Inc ($6.4m) and Beit Rabban Day School ($6.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 28% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $130k (2.4% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $3.9m against liabilities of $2.6m, net assets of $1.4m. It reported 141 employees.