Education
(B120)
IRS Verified
DX Registered
990 on File
IEEE FOUNDATION INC
Financial strength (30%)
88/100
Reliability (20%)
55/100
Effectiveness (25%)
90/100
Impact (25%)
No data yet
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CharityAI™ Score
Not yet evaluated
Mission Statement
The IEEE Foundation cultivates resources and relationships to advance IEEE's core purpose to foster technological innovation and excellence to benefit humanity. One of the Foundation's signature initiatives is called EPICS in IEEE. EPICS in IEEE empowers students to work with local service organizations to apply technical knowledge to implement solutions for a community's unique challenges. In this way, EPICS in IEEE not only assists these identified communities in achieving their specific local community improvement goals but also encourages students to pursue engineering for community improvement as a career.
Financial Overview — FY 2023
$10.0M
Total Revenue
$6.9M
Total Expenses
$74.2M
Net Assets
0
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
80.6%
Fundraising Efficiency
N/A
Operating Reserve
129.29x
Liability-to-Asset
3.1%
Revenue Diversification
79.9%
Compared with Peers
FY 2023
Compared with 11,226 similar organizations
(United States, Education, $1M–$10M in expenses), FY 2023.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
80.6% | 84.5% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
16.1% | 13.0% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
3.3% | 0.0% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
129.3 mo | 8.6 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
3.1% | 23.0% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
79.9% | 90.7% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
5.0% | 7.5% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
21.1% | 11.6% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
31.3% | 3.2% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $10.0M | $6.9M | $74.2M | 80.6% | 0 |
| 2022 | $9.5M | $5.7M | $66.4M | 78.9% | 0 |
| 2021 | $9.1M | $4.1M | N/A | — | 0 |
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