Idea Greater Cincinnati Inc

Analysis

Idea Greater Cincinnati Inc is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in August 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Idea Greater Cincinnati Inc reported income of $11.2m and spending of $11.9m, spending 106% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $6.3m to $11.2m (+77%), an average of +77% a year. The sharpest change came in the year to June 2023, when income rose by 77%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Idea Greater Cincinnati Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within OH. Charities of a similar size with the same main cause include Art Academy of Cincinnati ($11.2m), The University Foundation California State University Chico ($11.2m) and German International School Boston Inc ($11.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $396k against liabilities of $1.0m, net assets of -$638k.