Institute for Advancing Computing Education

Analysis

Institute for Advancing Computing Education is a registered charity in United States, based in Springfield, IL. It received its IRS tax-exemption ruling in September 2020, 6 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, Institute for Advancing Computing Education reported income of $564k and spending of $567k, spending 101% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $224k to $564k (+152%), an average of +59% a year. The sharpest change came in the year to December 2022, when income rose by 166%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Institute for Advancing Computing Education sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within IL. Charities of a similar size with the same main cause include Vandegrift High School Band Booster Club ($564k), University of Science & Philosophy ($564k) and Your Money Matters ($564k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $116k (21% of expenses). Other salaries and wages came to $217k. At year end it held assets of $250k against liabilities of $107k, net assets of $143k. It reported 10 employees.