Icec

Analysis

Icec is a registered charity in United States, based in Irvine, CA. It received its IRS tax-exemption ruling in November 1983, 43 years ago. 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, Icec reported income of $2.7m and spending of $2.9m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.7m to $2.7m (+0.9%), an average of +0.2% a year. The sharpest change came in the year to June 2021, when income rose by 54%. 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, Icec sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include KSD Inc ($2.7m), Manufacturing Works ($2.7m) and New York Committee for Occupational Safety and Health Inc ($2.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $179k (6.2% of expenses). Other salaries and wages came to $1.8m. It paid $34k in professional fundraising fees. At year end it held assets of $2.2m against liabilities of $1.3m, net assets of $909k. It reported 53 employees.