Igda Foundation

Analysis

Igda Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in August 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Igda Foundation reported income of $127k and spending of $281k, spending 220% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $97k to $127k (+32%), an average of +7.2% a year. The sharpest change came in the year to December 2020, when income rose by 647%. Over the whole period it spent 107% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Igda Foundation sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 23rd percentile within DC. Charities of a similar size with the same main cause include Camplauncher Inc ($127k), Shelton High School Robotics Team ($128k) and Homeschool Etc Inc ($127k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $282k against liabilities of $14k, net assets of $268k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.