International Valuation Standards Committee

Analysis

International Valuation Standards Committee is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in February 2005, 21 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, International Valuation Standards Committee reported income of $2.0m and spending of $1.9m, spending 98% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $1.8m to $2.0m (+11%), an average of +2.7% a year. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, International Valuation Standards Committee sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within IL. Charities of a similar size with the same main cause include Avalon Theatre Project Inc ($2.0m), Ann Arbor Summer Festival Inc ($2.0m) and Music for Minors Inc ($2.0m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 95% and program service revenue 3.5% of the total. Compensation of current officers, directors and key employees was $531k (27% of expenses). Other salaries and wages came to $506k. At year end it held assets of $3.4m against liabilities of $1.2m, net assets of $2.2m.