Iianc Education Foundation Inc

Analysis

Iianc Education Foundation Inc is a registered charity in United States, based in Cary, NC. It received its IRS tax-exemption ruling in February 1979, 47 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Iianc Education Foundation Inc reported income of $1.4m and spending of $638k, leaving 54% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $102k to $1.4m (+1271%), an average of +92% a year. The sharpest change came in the year to August 2020, when income rose by 487%. Over the whole period it spent 56% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Iianc Education Foundation Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within NC. Charities of a similar size with the same main cause include For Providers by Providers Louisiana ($1.4m), Christian Community School ($1.4m) and Aiaa Foundation Inc ($1.4m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2.6m against liabilities of $25k, net assets of $2.6m.