Iff

Analysis

Iff is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in June 1990, 36 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, Iff reported income of $102.8m and spending of $96.5m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $42.8m to $102.8m (+141%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 60%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Iff sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within IL. Charities of a similar size with the same main cause include Goodwill Easter Seals Miami Valley ($102.2m), Goodwill Industries of Sacramento Valley & Northern Nevada Inc ($104.3m) and Common Counsel Foundation ($102.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $1.3m (1.4% of expenses). Other salaries and wages came to $13.8m. At year end it held assets of $689.4m against liabilities of $541.0m, net assets of $148.4m. It reported 173 employees.