Ifees Inc

Analysis

Ifees Inc is a registered charity in United States, based in Frederick, MD. It received its IRS tax-exemption ruling in December 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ifees Inc reported income of $358k and spending of $422k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $379k to $358k (-5.4%), an average of -1.4% a year. The sharpest change came in the year to December 2022, when income dropped by 20%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ifees Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within MD. Charities of a similar size with the same main cause include Haytown Road Nursery School ($358k), Foothill Indian Education Alliance Sierra Native American Council ($359k) and Texas Association of Physical Plant Adms of Universities & College Inc ($358k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $195k (46% of expenses). Other salaries and wages came to $77k. At year end it held assets of $204k against liabilities of $114k, net assets of $90k. It reported 4 employees.