Iyg Inc

Analysis

Iyg Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in April 1991, 35 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, Iyg Inc reported income of $2.5m and spending of $2.6m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $908k to $2.5m (+175%), an average of +29% a year. The sharpest change came in the year to December 2022, when income rose by 113%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Iyg Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within IN. Charities of a similar size with the same main cause include Catholic Family Services ($2.5m), Learning Connections of Bartonville ($2.5m) and Turningpoint for Victims of Domestic and Sexual Violence Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.5% of the total. Compensation of current officers, directors and key employees was $117k (4.5% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $5.8m against liabilities of $1.1m, net assets of $4.7m. It reported 34 employees.