Iqa Foundation

Analysis

Iqa Foundation is a registered charity in United States, based in Plano, TX. It received its IRS tax-exemption ruling in May 2014, 12 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 July 2023, Iqa Foundation reported income of $3.1m and spending of $2.4m, leaving 22% of income unspent that year. Across the 4 years on record, from July 2020 to July 2023, income grew from $2.5m to $3.1m (+25%), an average of +7.8% a year. The sharpest change came in the year to July 2023, when income rose by 25%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Iqa Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 92nd percentile within TX. Charities of a similar size with the same main cause include Albany Research Institute Inc ($3.1m), Childrens Museum of the Mov Inc ($3.1m) and St Louis Kaplan Feldman Holocaust Museum ($3.1m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 16% and program service revenue 69% of the total. Other salaries and wages came to $1.8m. At year end it held assets of $5.0m against liabilities of $1.8m, net assets of $3.2m. It reported 83 employees.