Itoo Society Inc

Analysis

Itoo Society Inc is a registered charity in United States, based in Peoria, IL. It received its IRS tax-exemption ruling in August 2010, 16 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 2022, Itoo Society Inc reported income of $261k and spending of $287k, spending 110% of what it took in. Across the 5 years on record, from December 2018 to December 2022, income grew from $131k to $261k (+98%), an average of +19% a year. The sharpest change came in the year to December 2019, when income rose by 2262%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Itoo Society Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within IL. Charities of a similar size with the same main cause include Christmas Project Inc ($261k), Mom Community Inc ($261k) and Alc Inc ($261k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 60% and program service revenue 2.1% of the total. Compensation of current officers, directors and key employees was $8,962 (3.1% of expenses). Other salaries and wages came to $7,750. At year end it held assets of $807k against liabilities of $3,494, net assets of $803k. It reported 9 employees.