Ican Inc

Analysis

Ican Inc is a registered charity in United States, based in Canton, OH. It received its IRS tax-exemption ruling in July 1990, 36 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 June 2023, Ican Inc reported income of $4.2m and spending of $4.0m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.9m to $4.2m (+43%), an average of +9.4% a year. The sharpest change came in the year to June 2020, when income rose by 23%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ican Inc sits at the 91st percentile: it is larger than about 91% 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 Friends School Corporation ($4.2m), Habitat for Humanity International Inc ($4.2m) and St Annes Terrace Inc ($4.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 45% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $192k (4.8% of expenses). Other salaries and wages came to $983k. At year end it held assets of $8.6m against liabilities of $2.8m, net assets of $5.8m. It reported 33 employees.