Ineos Ican Foundation

Analysis

Ineos Ican Foundation is a registered charity in United States, based in League City, TX. It received its IRS tax-exemption ruling in February 2016, 10 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, Ineos Ican Foundation reported income of $450k and spending of $549k, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $296k to $450k (+52%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 273%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ineos Ican Foundation sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 73rd percentile within TX. Charities of a similar size with the same main cause include Golden Care Services Inc ($450k), Amiina Ministries - Uganda ($450k) and Igbo Community Association of Nigeria ($450k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $454k against liabilities of $0, net assets of $454k.