Itexperience Inc

Analysis

Itexperience Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in January 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Itexperience Inc reported income of $51k and spending of $60k, spending 118% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $200 to $51k (+25435%), an average of +1498% a year. The sharpest change came in the year to December 2022, when income rose by 10000%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Itexperience Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 20th percentile within TX. Charities of a similar size with the same main cause include Santa Fe High Band Boosters ($51k), Grissom Volleyball Boosters ($51k) and Hendersonville High School Alumni Association Inc ($51k).

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 $8,507 against liabilities of $0, net assets of $8,507.