Ifye Association of the USA Inc

Analysis

Ifye Association of the USA Inc is a registered charity in United States, based in Broomfield, CO. It received its IRS tax-exemption ruling in August 1967, 59 years ago. 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, Ifye Association of the USA Inc reported income of $284k and spending of $313k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $346k to $284k (-18%), an average of -4.8% a year. The sharpest change came in the year to December 2021, when income rose by 52%. Over the whole period it spent 109% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ifye Association of the USA Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 58th percentile within CO. Charities of a similar size with the same main cause include Bach Akademie Charlotte ($284k), Niagara County Historical Society Incorporated ($284k) and Georgia Football Officials Association Inc ($284k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $57k. At year end it held assets of $230k against liabilities of $0, net assets of $230k. It reported 1 employees.