Idc Foundation Inc

Analysis

Idc Foundation Inc is a registered charity in United States, based in Centerport, NY. It received its IRS tax-exemption ruling in March 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Idc Foundation Inc reported income of $1.2m and spending of $2.0m, spending 175% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.5m to $1.2m (-24%), an average of -6.7% a year. The sharpest change came in the year to June 2021, when income rose by 40%. Over the whole period it spent 131% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Idc Foundation Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include Institute for Reforming Government Inc ($1.2m), Innovation Science and Technologyy Academy ($1.2m) and Community School of West Seattle ($1.2m).

At year end it held assets of $27.8m against liabilities of $378k, net assets of $27.4m.