Intermediaryed

Analysis

Intermediaryed is a registered charity in United States, based in Mount Vernon, IA. It received its IRS tax-exemption ruling in March 1966, 60 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Intermediaryed reported income of $240.7m and spending of $220.0m, spending 91% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $302.3m to $240.7m (-20%), an average of -5.5% a year. The sharpest change came in the year to August 2020, when income dropped by 20%. Over the whole period it spent 107% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Intermediaryed sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within IA. Charities of a similar size with the same main cause include Community Services for Children Inc ($240.6m), Noble Network of Charter Schools ($240.9m) and Trinity College ($240.4m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 0.3% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $3.7m (1.7% of expenses). Other salaries and wages came to $84.3m. At year end it held assets of $298.1m against liabilities of $51.2m, net assets of $246.9m. It reported 1,055 employees.