Ican Fund Inc

Analysis

Ican Fund Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 2021, 5 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Ican Fund Inc reported income of $89k and spending of $590k, spending 662% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $1.1m to $89k (-92%), an average of -92% a year. The sharpest change came in the year to December 2023, when income dropped by 92%. Over the whole period it spent 99% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Ican Fund Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 34th percentile within NY. Charities of a similar size with the same main cause include Friends of Chabad Vocational Schools Inc ($89k), World Family Foundation ($89k) and Water Underground ($89k).

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 $133k against liabilities of $0, net assets of $133k.