Ivas Place

Analysis

Ivas Place is a registered charity in United States, based in Lenoir City, TN. It received its IRS tax-exemption ruling in November 2006, 20 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 2024, Ivas Place reported income of $414k and spending of $489k, spending 118% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $366k to $414k (+13%), an average of +3.2% a year. The sharpest change came in the year to June 2023, when income rose by 145%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ivas Place sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 68th percentile within TN. Charities of a similar size with the same main cause include Palm Beach County Food Project Inc ($414k), Paws with Purpose ($415k) and A Place of Refuge-Ministries of South Wisconsin Incorporated ($414k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 86% of the total. Compensation of current officers, directors and key employees was $40k (8.1% of expenses). Other salaries and wages came to $216k. At year end it held assets of $1.6m against liabilities of $609k, net assets of $974k. It reported 14 employees.