Igbans Institute of Vocational Training Inc

Analysis

Igbans Institute of Vocational Training Inc is a registered charity in United States, based in Laurelton, NY. It received its IRS tax-exemption ruling in February 2023, 3 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Igbans Institute of Vocational Training Inc reported income of $290k and spending of $324k, spending 112% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income fell from $451k to $290k (-36%), an average of -20% a year. The sharpest change came in the year to December 2023, when income dropped by 51%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Igbans Institute of Vocational Training Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 58th percentile within NY. Charities of a similar size with the same main cause include Clinton Community Educationalfoundation ($290k), Central Maine Christian Academy Inc ($290k) and Chinese Service Center USA ($290k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $81k. At year end it held assets of $1.0m against liabilities of $576k, net assets of $439k. It reported 3 employees.