It4causes

Analysis

It4causes is a registered charity in United States, based in Midlothian, VA. It received its IRS tax-exemption ruling in July 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, It4causes reported income of $463k and spending of $462k, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $219k to $463k (+112%), an average of +21% a year. The sharpest change came in the year to September 2021, when income rose by 53%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, It4causes sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within VA. Charities of a similar size with the same main cause include Sea of Strengths School Inc ($463k), Pacifica Band & Auxiliary Corps Boosters ($464k) and Leadingage Georgia Inc ($463k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 10% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $158k (34% of expenses). Other salaries and wages came to $178k. At year end it held assets of $49k against liabilities of $781, net assets of $48k. It reported 9 employees.