Intercongregation Communities Association Inc

Analysis

Intercongregation Communities Association Inc is a registered charity in United States, based in Minnetonka, MN. It received its IRS tax-exemption ruling in October 1973, 53 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 September 2023, Intercongregation Communities Association Inc reported income of $5.7m and spending of $5.4m, spending 94% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $4.7m to $5.7m (+21%), an average of +4.9% a year. The sharpest change came in the year to September 2021, when income rose by 24%. 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, Intercongregation Communities Association 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 93rd percentile, and in the 92nd percentile within MN. Charities of a similar size with the same main cause include Shasta County Young Mens Christian Association ($5.7m), Go Ye Village Inc ($5.7m) and Centrastate Assisted Living Inc ($5.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $125k (2.3% of expenses). Other salaries and wages came to $849k. At year end it held assets of $4.8m against liabilities of $307k, net assets of $4.5m. It reported 28 employees.