Ingenuityne Inc

Analysis

Ingenuityne Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in October 2012, 14 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 June 2023, Ingenuityne Inc reported income of $1.3m and spending of $1.3m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.0m to $1.3m (+25%), an average of +5.7% a year. The sharpest change came in the year to June 2022, when income rose by 82%. Over the whole period it spent 92% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Ingenuityne Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within MA. Charities of a similar size with the same main cause include Rain Basketball ($1.3m), Live and Learn Program ($1.3m) and Mathematics Foundation of America ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $151k (12% of expenses). Other salaries and wages came to $241k. At year end it held assets of $412k against liabilities of $355k, net assets of $56k. It reported 5 employees.