Ignatian Solidarity Network Inc

Analysis

Ignatian Solidarity Network Inc is a registered charity in United States, based in University HT, OH. It received its IRS tax-exemption ruling in August 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Ignatian Solidarity Network Inc reported income of $2.3m and spending of $1.5m, leaving 33% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $678k to $2.3m (+242%), an average of +36% a year. The sharpest change came in the year to June 2020, when income rose by 65%. Over the whole period it spent 79% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ignatian Solidarity Network Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within OH. Charities of a similar size with the same main cause include Great Aspirations Scholarship Program Inc ($2.3m), Mt San Antonio College Foundation ($2.3m) and Valley Inquiry Charter School ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 70% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $97k (6.3% of expenses). Other salaries and wages came to $611k. At year end it held assets of $1.7m against liabilities of $243k, net assets of $1.4m. It reported 20 employees.