Ics Foundation Inc

Analysis

Ics Foundation Inc is a registered charity in United States, based in Staten Island, NY. It received its IRS tax-exemption ruling in August 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 June 2023, Ics Foundation Inc reported income of $250k and spending of $198k, leaving 21% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income fell from $553k to $250k (-55%), an average of -23% a year. The sharpest change came in the year to June 2023, when income rose by 7464%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ics Foundation Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within NY. Charities of a similar size with the same main cause include Southeastern Hockey Association of Wisconsin Inc ($250k), Southeast Library System Sels ($250k) and Lifelong Learning Center Inc ($250k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $68k (35% of expenses). At year end it held assets of $40.2m against liabilities of $40.2m, net assets of -$5,834.