Institute for Advanced Learning and Research Foundation

Analysis

Institute for Advanced Learning and Research Foundation is a registered charity in United States, based in Danville, VA. It received its IRS tax-exemption ruling in August 2007, 19 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Institute for Advanced Learning and Research Foundation reported income of $2.6m and spending of $421k, leaving 84% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income fell from $3.1m to $2.6m (-16%), an average of -3.4% a year. The sharpest change came in the year to June 2024, when income rose by 315%. Over the whole period it spent 30% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Institute for Advanced Learning and Research Foundation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within VA. Charities of a similar size with the same main cause include North American Society for Trenchless Technology ($2.6m), Muscatine Center for Social Action ($2.6m) and Heartland Industries Incorporated ($2.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 93% and program service revenue 2.5% of the total. At year end it held assets of $10.9m against liabilities of $157k, net assets of $10.7m.