Ifma Educational Foundation

Analysis

Ifma Educational Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in January 1973, 53 years ago. Its declared purposes cover food, agriculture and nutrition, 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 December 2023, Ifma Educational Foundation reported income of $544k and spending of $476k, spending 87% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $283k to $544k (+93%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 124%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ifma Educational Foundation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within IL. Charities of a similar size with the same main cause include Smile Inc ($544k), Forest Park Elderly Housing Inc ($545k) and Alabama Credit Union Foundation Inc ($544k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% of the total. At year end it held assets of $1.7m against liabilities of $14k, net assets of $1.7m.