Ideal4gifted Inc

Analysis

Ideal4gifted Inc is a registered charity in United States, based in Longmeadow, MA. It received its IRS tax-exemption ruling in August 2022, 4 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 June 2023, Ideal4gifted Inc reported income of $204k and spending of $133k, leaving 35% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $177k to $204k (+15%), an average of +15% a year. The sharpest change came in the year to June 2023, when income rose by 15%. Over the whole period it spent 71% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ideal4gifted Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 58th percentile within MA. Charities of a similar size with the same main cause include Girls on the Run of Greater Rochester Inc ($204k), Cong Yeshiva Bais Yitzchok ($204k) and Class Education Inc ($204k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $1,440 (1.1% of expenses). Other salaries and wages came to $96k. It paid $6,343 in professional fundraising fees. At year end it held assets of $110k against liabilities of $0, net assets of $110k. It reported 9 employees.