Ielts Inc

Analysis

Ielts Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in September 2002, 24 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, Ielts Inc reported income of $3.4m and spending of $5.1m, spending 147% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $10.2m to $3.4m (-66%), an average of -24% a year. The sharpest change came in the year to December 2020, when income dropped by 57%. Over the whole period it spent 112% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ielts Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 75th percentile within DC. Charities of a similar size with the same main cause include Bridge Academy Inc ($3.4m), Spring Valley School Foundation ($3.4m) and Plattsburgh College Foundation Inc ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $259k (5.1% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $3.8m against liabilities of $1.3m, net assets of $2.5m. It reported 34 employees.