Friends of Ipswich Elementary Schools Inc

Analysis

Friends of Ipswich Elementary Schools Inc is a registered charity in United States, based in Ipswich, MA. It received its IRS tax-exemption ruling in February 2004, 22 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 August 2023, Friends of Ipswich Elementary Schools Inc reported income of $71k and spending of $62k, spending 86% of its income. Across the 2 years on record, from August 2022 to August 2023, income grew from $59k to $71k (+20%), an average of +20% a year. The sharpest change came in the year to August 2023, when income rose by 20%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Ipswich Elementary Schools Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 36th percentile within MA. Charities of a similar size with the same main cause include Ehs Mens Basketball Boosters ($71k), North Carolina Heroes Fund Incorporated ($71k) and Robert H Mollohan Family Charitable Foundation Inc ($71k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 47% of the total. At year end it held assets of $102k against liabilities of $0, net assets of $102k.