Iocc Foundation Incorporated

Analysis

Iocc Foundation Incorporated is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in August 2006, 20 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Iocc Foundation Incorporated reported income of $110k and spending of $153k, spending 139% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $205k to $110k (-46%), an average of -14% a year. The sharpest change came in the year to December 2022, when income dropped by 71%. Over the whole period it spent 64% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Iocc Foundation Incorporated sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 41st percentile within MD. Charities of a similar size with the same main cause include River Road Church of Christ Incorporated ($110k), Convene Columbus ($110k) and New Destiny Christian Center Inc ($110k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% of the total. At year end it held assets of $3.5m against liabilities of $11k, net assets of $3.4m.