International Institute of Akron Inc

Analysis

International Institute of Akron Inc is a registered charity in United States, based in Akron, OH. It received its IRS tax-exemption ruling in October 1955, 71 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, International Institute of Akron Inc reported income of $4.3m and spending of $4.4m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.4m to $4.3m (+81%), an average of +16% a year. The sharpest change came in the year to December 2022, when income rose by 42%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, International Institute of Akron Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within OH. Charities of a similar size with the same main cause include National Center for Victims of Crime Inc ($4.3m), Img Helps ($4.3m) and Veterans Airlift Command ($4.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $199k (4.5% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $4.2m against liabilities of $2.7m, net assets of $1.5m. It reported 39 employees.