Iptay

Analysis

Iptay is a registered charity in United States, based in Clemson, SC. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Iptay reported income of $122.7m and spending of $95.0m, leaving 23% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $60.8m to $122.7m (+102%), an average of +19% a year. The sharpest change came in the year to June 2023, when income rose by 70%. Over the whole period it spent 90% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Iptay 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 99th percentile, and in the 100th percentile within SC. Charities of a similar size with the same main cause include Girl Scouts of the United States of America ($115.6m), Boys & Girls Clubs of America ($170.7m) and Willits Hospital Inc ($96.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $234k (0.2% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $157.0m against liabilities of $9.8m, net assets of $147.2m. It reported 17 employees.