Interacademy Partnership Inc

Analysis

Interacademy Partnership Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in April 2018, 8 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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, Interacademy Partnership Inc reported income of $112k and spending of $686k, spending 611% of what it took in. Across the 3 years on record, from December 2020 to December 2023, income fell from $847k to $112k (-87%), an average of -64% a year. The sharpest change came in the year to December 2022, when income rose by 114%. Over the whole period it spent 58% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Interacademy Partnership Inc sits at the 45th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 21st percentile within DC. Charities of a similar size with the same main cause include Association for Recorded Sound Collections Inc ($112k), Association for the Liberty Theatre of Eunice ($112k) and Riverhead Shelter Volunteer Program Inc ($112k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $970k against liabilities of $32k, net assets of $938k.