International Workers Compensation Foundation Inc

Analysis

International Workers Compensation Foundation Inc is a registered charity in United States, based in Ormond Beach, FL. It received its IRS tax-exemption ruling in August 1989, 37 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 June 2024, International Workers Compensation Foundation Inc reported income of $1.5m and spending of $1.9m, spending 124% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $963k to $1.5m (+61%), an average of +13% a year. The sharpest change came in the year to June 2023, when income rose by 56%. Over the whole period it spent 121% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, International Workers Compensation Foundation Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within FL. Charities of a similar size with the same main cause include South Carolina I-77 Alliance ($1.5m), Minnesota Propane Gas Research Foundation ($1.6m) and South Jersey Technology Park at Rowan University ($1.5m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 95% of the total. Compensation of current officers, directors and key employees was $193k (10% of expenses). Other salaries and wages came to $48k. At year end it held assets of $3.1m against liabilities of $46k, net assets of $3.0m. It reported 2 employees.

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.