Icedc Foundation

Analysis

Icedc Foundation is a registered charity in United States, based in Mooresville, NC. It received its IRS tax-exemption ruling in July 1999, 27 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Icedc Foundation reported income of $179k and spending of $116k, leaving 35% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income grew from $144k to $179k (+24%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 28%. Over the whole period it spent 46% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Icedc Foundation sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within NC. Charities of a similar size with the same main cause include Main Street Lexington ($179k), Rotary District 7255 Foundation Inc ($179k) and South Baldwin Chamber Foundation Inc ($179k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $391k against liabilities of $0, net assets of $391k.