The Idea Center Inc

Analysis

The Idea Center Inc is a registered charity in United States, based in Manhattan, KS. It received its IRS tax-exemption ruling in May 2002, 24 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 June 2024, The Idea Center Inc reported income of $52k and spending of $47k, spending 91% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $2.1m to $52k (-98%), an average of -60% a year. The sharpest change came in the year to June 2024, when income rose by 1032%. Over the whole period it spent 66% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Idea Center Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 18th percentile within KS. Charities of a similar size with the same main cause include Christian Womens Job Corps of Abilene ($52k), Wausa Public Schools Foundation ($52k) and Elkhart-Glen Athletic Association Inc ($52k).

Compensation of current officers, directors and key employees was $25k (53% of expenses). At year end it held assets of $2.5m against liabilities of $5,441, net assets of $2.5m.