It-Ology

Analysis

It-Ology is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in June 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, It-Ology reported income of $222k and spending of $194k, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $464k to $222k (-52%), an average of -17% a year. The sharpest change came in the year to June 2021, when income dropped by 55%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, It-Ology sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 61st percentile within SC. Charities of a similar size with the same main cause include American Academy of Cosmetic Dentistry Charitable Foundation ($222k), Imagine Charter School Weston Parent Teacher Partnership ($222k) and Creative Learning Center Inc ($222k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 70% and program service revenue 29% of the total. At year end it held assets of $785k against liabilities of $20k, net assets of $764k.