Iri Innovative Resources for Independence Inc

Analysis

Iri Innovative Resources for Independence Inc is a registered charity in United States, based in Elmont, NY. It received its IRS tax-exemption ruling in March 1989, 37 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Iri Innovative Resources for Independence Inc reported income of $56.1m and spending of $43.8m, leaving 22% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $38.7m to $56.1m (+45%), an average of +9.7% a year. The sharpest change came in the year to June 2020, when income rose by 17%. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Iri Innovative Resources for Independence Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include Nysarc Inc ($55.9m), Masonicare Health Center ($56.1m) and Area Agency on Aging ($55.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.8% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $744k (1.7% of expenses). Other salaries and wages came to $26.8m. At year end it held assets of $68.9m against liabilities of $18.0m, net assets of $50.9m. It reported 779 employees.