I C a N Associates

Analysis

I C a N Associates is a registered charity in United States, based in El Monte, CA. It received its IRS tax-exemption ruling in November 1979, 47 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, I C a N Associates reported income of $174k and spending of $228k, spending 131% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $1.1m to $174k (-85%), an average of -47% a year. The sharpest change came in the year to December 2022, when income rose by 2988%. Over the whole period it spent 48% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, I C a N Associates 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 51st percentile, and in the 53rd percentile within CA. Charities of a similar size with the same main cause include Scenic Valley Emergency Medical Services Incorporated ($174k), Great Bear Foundation ($174k) and Habitat for Humanity International Inc ($174k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% of the total. Other salaries and wages came to $92k. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.