Identity Inc

Analysis

Identity Inc is a registered charity in United States, based in Gaithersburg, MD. It received its IRS tax-exemption ruling in February 1999, 27 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Identity Inc reported income of $16.1m and spending of $12.2m, leaving 24% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.7m to $16.1m (+183%), an average of +30% a year. The sharpest change came in the year to June 2021, when income rose by 70%. Over the whole period it spent 82% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Identity Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MD. Charities of a similar size with the same main cause include Friendship Health and Rehab Center South Inc ($16.1m), Pace North ($16.1m) and Italian Home for Children Inc ($16.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $271k (2.2% of expenses). Other salaries and wages came to $6.0m. It paid $180k in professional fundraising fees. At year end it held assets of $13.9m against liabilities of $1.2m, net assets of $12.6m. It reported 165 employees.