Itrek Inc

Analysis

Itrek Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 2013, 13 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 August 2023, Itrek Inc reported income of $17.8m and spending of $13.8m, leaving 22% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $10.7m to $17.8m (+66%), an average of +14% a year. The sharpest change came in the year to August 2023, when income rose by 96%. Over the whole period it spent 84% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Itrek Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Maranatha Volunteers International Inc ($17.8m), Humanitarian Experience Inc ($18.2m) and Assist International Inc ($17.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 81% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $1.1m (7.8% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $14.0m against liabilities of $369k, net assets of $13.6m. It reported 28 employees.