Ippfa Remembrance Fund

Analysis

Ippfa Remembrance Fund is a registered charity in United States, based in Elgin, IL. It received its IRS tax-exemption ruling in December 2003, 23 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Ippfa Remembrance Fund reported income of $198k and spending of $10k, leaving 95% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $42k to $198k (+374%), an average of +374% a year. The sharpest change came in the year to December 2023, when income rose by 374%. Over the whole period it spent 27% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Ippfa Remembrance Fund sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within IL. Charities of a similar size with the same main cause include Community Foundation of Merced County ($198k), Seventh Generation Interfaith Inc ($198k) and Lake Race Corp ($198k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $407k against liabilities of $0, net assets of $407k.