Iris Network

Analysis

Iris Network is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in July 1936, 90 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 September 2023, Iris Network reported income of $2.6m and spending of $2.4m, spending 92% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.1m to $2.6m (+22%), an average of +5.1% a year. The sharpest change came in the year to September 2022, when income rose by 166%. Over the whole period it spent 68% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Iris Network sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within ME. Charities of a similar size with the same main cause include Am Serv Limited ($2.6m), Bellevue Public School Foundation ($2.6m) and American Nutrition Association Inc ($2.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 18% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $170k (7.1% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $9.4m against liabilities of $1.8m, net assets of $7.6m. It reported 43 employees.