Ideas in Action Inc

Analysis

Ideas in Action Inc is a registered charity in United States, based in Brookline, MA. It received its IRS tax-exemption ruling in February 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic 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 December 2023, Ideas in Action Inc reported income of $760k and spending of $622k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $718k to $760k (+5.8%), an average of +5.8% a year. Over the whole period it spent 79% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ideas in Action Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within MA. Charities of a similar size with the same main cause include Watertown Local Development Corporation ($760k), Prosperity Lab ($760k) and Cherry Hill Town Center Inc ($759k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $283k against liabilities of $1,860, net assets of $281k.