Ilac Foundation Inc

Analysis

Ilac Foundation Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in September 2006, 20 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Ilac Foundation Inc reported income of $577k and spending of $799k, spending 139% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $162k to $577k (+257%), an average of +37% a year. The sharpest change came in the year to December 2021, when income rose by 154%. Over the whole period it spent 94% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Ilac Foundation Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 75th percentile within FL. Charities of a similar size with the same main cause include Walk in the Light International ($576k), Joycorps Project ($577k) and Empowering Action ($576k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $447k against liabilities of $0, net assets of $447k.