Icohs College Inc

Analysis

Icohs College Inc is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in June 2020, 6 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, Icohs College Inc reported income of $3.8m and spending of $3.3m, spending 87% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $1.7m to $3.8m (+129%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 60%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Icohs College Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Villa Bella Expeditionary ($3.8m), Montgomery Preparatory Academy ($3.8m) and Zion Christian School Association ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.4% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $18k (0.5% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $5.1m against liabilities of $2.9m, net assets of $2.2m. It reported 34 employees.