Ikodhi Inc

Analysis

Ikodhi Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 2022, 4 years ago. 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, Ikodhi Inc reported income of $130k and spending of $84k, leaving 35% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $70k to $130k (+85%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 39%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ikodhi Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 42nd percentile within NY. Charities of a similar size with the same main cause include Thurston Olympians Swim Club ($130k), Warren & Denyse Mackey Foundation Inc ($130k) and American Youth Football Inc ($130k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $53k against liabilities of $0, net assets of $53k.