Ihe USA

Analysis

Ihe USA is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in November 2023, 3 years ago. Its declared purposes cover human services, 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, Ihe USA reported income of $412k and spending of $667k, spending 162% of what it took in. Across the 5 years on record, from June 2019 to December 2023, income fell from $809k to $412k (-49%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 55%. Over the whole period it spent 118% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ihe USA sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within IL. Charities of a similar size with the same main cause include Caring for Bethlehem Inc ($412k), Siouxland Senior Center ($412k) and Child and Family Advocates of Cuyahoga County ($412k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 9.3% of the total. At year end it held assets of $30k against liabilities of $495k, net assets of -$465k.

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.