I C Corporation

Analysis

I C Corporation is a registered charity in United States, based in Roanoke, VA. It received its IRS tax-exemption ruling in August 1983, 43 years ago. 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 2024, I C Corporation reported income of $1.2m and spending of $1.2m, spending 94% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.1m to $1.2m (+12%), an average of +2.8% a year. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, I C Corporation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within VA. Charities of a similar size with the same main cause include National Headache Foundation ($1.2m), Sierra Marlins Swim Team Uss ($1.2m) and Roaring Fork Public Radio Inc ($1.2m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 99% of the total. Other salaries and wages came to $225k. At year end it held assets of $3.5m against liabilities of $2.6m, net assets of $964k. It reported 10 employees.