Inner City Education Foundation

Analysis

Inner City Education Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in May 1996, 30 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Inner City Education Foundation reported income of $51.3m and spending of $50.2m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $39.1m to $51.3m (+31%), an average of +7.0% a year. The sharpest change came in the year to June 2021, when income rose by 43%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Inner City Education Foundation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Illinois College ($51.3m), Reisher Family Foundation ($51.4m) and Breck School ($51.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $735k (1.5% of expenses). Other salaries and wages came to $20.3m. At year end it held assets of $85.7m against liabilities of $58.1m, net assets of $27.6m. It reported 419 employees.