Institute of Real Estate Management Foundation

Analysis

Institute of Real Estate Management Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in September 1977, 49 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, Institute of Real Estate Management Foundation reported income of $877k and spending of $940k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.6m to $877k (-47%), an average of -14% a year. The sharpest change came in the year to December 2020, when income dropped by 64%. 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, Institute of Real Estate Management Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within IL. Charities of a similar size with the same main cause include Project Onward ($876k), 100 Black Men of Metropolitian Baton Rouge ($878k) and Don Ryan Center for Innovation Inc ($876k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $2.1m against liabilities of $61k, net assets of $2.1m.