Ichf Foundation

Analysis

Ichf Foundation is a registered charity in United States, based in Minot, ND. It received its IRS tax-exemption ruling in September 1986, 40 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Ichf Foundation reported income of $441k and spending of $715k, spending 162% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.1m to $441k (-59%), an average of -20% a year. The sharpest change came in the year to June 2021, when income rose by 216%. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ichf Foundation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within ND. Charities of a similar size with the same main cause include Newport Fire Company ($441k), Multiple Sclerosis Handicapped Housing Inc ($441k) and Camp Haluwasa Inc ($441k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 50% of the total. Compensation of current officers, directors and key employees was $87k (12% of expenses). Other salaries and wages came to $17k. At year end it held assets of $16.9m against liabilities of $5,420, net assets of $16.9m. It reported 3 employees.