Icare Inc

Analysis

Icare Inc is a registered charity in United States, based in Medford, OR. It received its IRS tax-exemption ruling in August 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Icare Inc reported income of $97k and spending of $121k, spending 124% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $90k to $97k (+7.8%), an average of +1.5% a year. The sharpest change came in the year to December 2020, when income rose by 56%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Icare Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 36th percentile within OR. Charities of a similar size with the same main cause include Operation Helping Hand Inc ($97k), Meals on Wheels Council Inc ($97k) and Lewis County United Methodist Ministries ($97k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 15% of the total. At year end it held assets of $1.1m against liabilities of $1,783, net assets of $1.1m.