Ips Enterprises Inc

Analysis

Ips Enterprises Inc is a registered charity in United States, based in Weslaco, TX. It received its IRS tax-exemption ruling in September 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Ips Enterprises Inc reported income of $107.1m and spending of $105.6m, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $12.9m to $107.1m (+731%), an average of +103% a year. The sharpest change came in the year to June 2022, when income rose by 164%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ips Enterprises Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within TX. Charities of a similar size with the same main cause include Inspirenola Charter Schools ($106.8m), California College of the Arts ($107.2m) and Westmont College ($106.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 29% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $531k (0.5% of expenses). Other salaries and wages came to $45.5m. At year end it held assets of $286.9m against liabilities of $282.9m, net assets of $4.0m. It reported 1,497 employees.