Ipc Education Foundation

Analysis

Ipc Education Foundation is a registered charity in United States, based in Bannockburn, IL. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Ipc Education Foundation reported income of $284k and spending of $609k, spending 214% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $403k to $284k (-29%), an average of -8.3% a year. The sharpest change came in the year to December 2021, when income rose by 968%. Over the whole period it spent 237% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ipc Education Foundation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within IL. Charities of a similar size with the same main cause include Libraries of Foster Inc ($284k), Marygrove Conservancy Support Corporation ($284k) and Foundation for Science and Math Education Inc ($284k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $200k (33% of expenses). Other salaries and wages came to $183k. At year end it held assets of $877k against liabilities of $2.3m, net assets of -$1.5m.

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.