Ischools Inc

Analysis

Ischools Inc is a registered charity in United States, based in Boxborough, MA. It received its IRS tax-exemption ruling in August 2016, 10 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 December 2023, Ischools Inc reported income of $282k and spending of $327k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $280k to $282k (+0.5%), an average of +0.1% a year. The sharpest change came in the year to December 2021, when income rose by 55%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ischools Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within MA. Charities of a similar size with the same main cause include Tlafrica Inc ($282k), Ace Education International Inc ($282k) and Manara College a NJ Nonprofit Corporation ($282k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. At year end it held assets of $663k against liabilities of $0, net assets of $663k.