Inner Compass Initiative Inc

Analysis

Inner Compass Initiative Inc is a registered charity in United States, based in West Hartford, CT. It received its IRS tax-exemption ruling in June 2016, 10 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 December 2023, Inner Compass Initiative Inc reported income of $191k and spending of $254k, spending 133% of what it took in. Across the 3 years on record, from December 2020 to December 2023, income fell from $448k to $191k (-57%), an average of -35% a year. The sharpest change came in the year to December 2022, when income dropped by 65%. Over the whole period it spent 76% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Inner Compass Initiative Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 50th percentile within CT. Charities of a similar size with the same main cause include Hope for Children Research Foundation Inc ($191k), Speech Hearing and Rehabilitation Enterprises of Coastal Georgia Inc ($191k) and Domestic Outreach Corp ($191k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 80% of the total. At year end it held assets of $302k against liabilities of $13k, net assets of $288k.