Identifystem Inc

Analysis

Identifystem Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in October 2021, 5 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, Identifystem Inc reported income of $119k and spending of $117k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $81k to $119k (+47%), an average of +47% a year. The sharpest change came in the year to December 2023, when income rose by 47%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Identifystem 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 41st percentile, and in the 45th percentile within FL. Charities of a similar size with the same main cause include Parent Booster USA Inc ($119k), Center High School Hockey Club ($119k) and Hockinson High School Music Booster Club ($119k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 4.4% of the total. At year end it held assets of $192 against liabilities of $0, net assets of $192.