Independent College Enterprise Inc

Analysis

Independent College Enterprise Inc is a registered charity in United States, based in Charleston, WV. It received its IRS tax-exemption ruling in December 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Independent College Enterprise Inc reported income of $2.6m and spending of $2.2m, spending 83% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.2m to $2.6m (+18%), an average of +5.7% a year. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Independent College Enterprise Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within WV. Charities of a similar size with the same main cause include American Cultural Exchange Service ($2.6m), Cta Foundation for Teaching and Learning ($2.6m) and Waco Montessori School ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $163k (7.4% of expenses). Other salaries and wages came to $387k. At year end it held assets of $2.8m against liabilities of $94k, net assets of $2.7m.