Ifa Foundation

Analysis

Ifa Foundation is a registered charity in United States, based in Ormond Beach, FL. It received its IRS tax-exemption ruling in May 1994, 32 years ago. 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 2022, Ifa Foundation reported income of $165k and spending of $259k, spending 157% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $207k to $165k (-20%), an average of -7.3% a year. The sharpest change came in the year to December 2022, when income dropped by 40%. Over the whole period it spent 118% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ifa Foundation sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 53rd percentile within FL. Charities of a similar size with the same main cause include Hanover Public Library Association Inc ($165k), Texas Government Accountability Fou Ndation Inc ($165k) and Mount Tahoma Trails Association ($165k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 25% and program service revenue 75% of the total. At year end it held assets of $677k against liabilities of $0, net assets of $677k.