Ipock Inc

Analysis

Ipock Inc is a registered charity in United States, based in Greenville, SC. It received its IRS tax-exemption ruling in August 2006, 20 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Ipock Inc reported income of $80k and spending of $99k, spending 124% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $72k to $80k (+11%), an average of +3.5% a year. Over the whole period it spent 125% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ipock Inc sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 37th percentile within SC. Charities of a similar size with the same main cause include Pacific Housing Development Inc ($80k), Dwelling Place Foundation ($80k) and Commonwealth Housing Development Corporation ($80k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% and program service revenue 37% of the total. At year end it held assets of $675k against liabilities of $955k, net assets of -$280k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.