Ican California Abilities Network

Analysis

Ican California Abilities Network is a registered charity in United States, based in Torrance, CA. It received its IRS tax-exemption ruling in June 2014, 12 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, Ican California Abilities Network reported income of $7.4m and spending of $7.0m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.9m to $7.4m (+155%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 48%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ican California Abilities Network sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Catholic Charities of the Diocese of Memphis Inc ($7.4m), Whaley Memorial Foundation ($7.4m) and Northern California Youth and Family Program ($7.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.7% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $344k (4.9% of expenses). Other salaries and wages came to $3.7m. It paid $56k in professional fundraising fees. At year end it held assets of $6.9m against liabilities of $4.2m, net assets of $2.7m.