Friends of Ironton

Analysis

Friends of Ironton is a registered charity in United States, based in Ironton, OH. It received its IRS tax-exemption ruling in September 2005, 21 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Friends of Ironton reported income of $103k and spending of $96k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $94k to $103k (+9.7%), an average of +2.3% a year. The sharpest change came in the year to December 2021, when income rose by 48%. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Friends of Ironton sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 38th percentile within OH. Charities of a similar size with the same main cause include Montana Bioscience Alliance ($103k), Social Ecological Economic Development Corporation ($103k) and Twin Tiers Economic Development Inc ($103k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% of the total. At year end it held assets of $525k against liabilities of $14k, net assets of $511k.