Iaco Immigration and American Citizenship Organization Inc

Analysis

Iaco Immigration and American Citizenship Organization Inc is a registered charity in United States, based in Paterson, NJ. It received its IRS tax-exemption ruling in August 2001, 25 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. 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, Iaco Immigration and American Citizenship Organization Inc reported income of $1.2m and spending of $1.2m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $809k to $1.2m (+53%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 32%. Over the whole period it spent 95% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Iaco Immigration and American Citizenship Organization Inc sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within NJ. Charities of a similar size with the same main cause include Minnesota Alliance for Volunteer Advancement ($1.2m), NAACP Foundation ($1.2m) and Advocacy Center for the Children of El Paso ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $219k (18% of expenses). Other salaries and wages came to $652k. At year end it held assets of $757k against liabilities of $478k, net assets of $278k. It reported 20 employees.