Icanet

Analysis

Icanet is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in May 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. 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 February 2023, Icanet reported income of $162k and spending of $201k, spending 124% of what it took in. Across the 3 years on record, from February 2021 to February 2023, income fell from $277k to $162k (-41%), an average of -24% a year. The sharpest change came in the year to February 2023, when income dropped by 31%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Icanet sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 51st percentile within CA. Charities of a similar size with the same main cause include Morris Plains Library Association ($162k), Homeschool Christian Youth Association ($162k) and S O S Thrift Store ($162k).

On its Form 990-EZ for the period ending February 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $12k against liabilities of $0, net assets of $12k.