Identity Inc

Analysis

Identity Inc is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in June 1983, 43 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Identity Inc reported income of $1.5m and spending of $1.5m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $339k to $1.5m (+345%), an average of +45% a year. The sharpest change came in the year to December 2021, when income rose by 130%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Identity Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within AK. Charities of a similar size with the same main cause include Bright Hope Non-Profit Corporation ($1.5m), Boys & Girls Clubs of Northeastern Pennsylvania ($1.5m) and Aerospace Museum of California Foundation ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 61% of the total. Other salaries and wages came to $638k. At year end it held assets of $751k against liabilities of $477k, net assets of $274k. It reported 15 employees.