Icarre Foundation

Analysis

Icarre Foundation is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in February 2015, 11 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 December 2023, Icarre Foundation reported income of $1.3m and spending of $1.3m, spending 94% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $259k to $1.3m (+418%), an average of +73% a year. The sharpest change came in the year to December 2023, when income rose by 185%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Icarre Foundation 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 82nd percentile, and in the 81st percentile within MD. Charities of a similar size with the same main cause include Redeemed and Restored Incorporated ($1.3m), Care Net Pregnancy Center of Albuquerque ($1.3m) and Cornerstone Counseling Center of Ames Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.7% and program service revenue 95% of the total. At year end it held assets of $149k against liabilities of $109k, net assets of $40k.