Iaff Local 1605 Foundation Inc

Analysis

Iaff Local 1605 Foundation Inc is a registered charity in United States, based in Funkstown, MD. It received its IRS tax-exemption ruling in December 2005, 21 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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 December 2023, Iaff Local 1605 Foundation Inc reported income of $496k and spending of $113k, leaving 77% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $197k to $496k (+151%), an average of +26% a year. The sharpest change came in the year to December 2021, when income rose by 87121%. Over the whole period it spent 44% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Iaff Local 1605 Foundation Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within MD. Charities of a similar size with the same main cause include Gillett Volunteer Fire Department ($495k), Battleboro Rural Fire Department H L Harrison Fire District Inc ($496k) and Greenbackville Volunteer Fire Department Incorporated ($495k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% of the total. At year end it held assets of $1.9m against liabilities of $845k, net assets of $1.1m.