I2e Inc

Analysis

I2e Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in October 1998, 28 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, I2e Inc reported income of $6.7m and spending of $5.2m, leaving 21% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.3m to $6.7m (+55%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 79%. Over the whole period it spent 75% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, I2e Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within OK. Charities of a similar size with the same main cause include Michigan Community Capital ($6.7m), Fresno Area Hispanic Foundation ($6.7m) and Palm Beach Habilitation Center Inc ($6.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 50% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $809k (15% of expenses). Other salaries and wages came to $760k. At year end it held assets of $28.8m against liabilities of $233k, net assets of $28.6m. It reported 17 employees.