Iron Communities

Analysis

Iron Communities is a registered charity in United States, based in Paris, TX. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Iron Communities reported income of $62k and spending of $56k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $40k to $62k (+54%), an average of +54% a year. The sharpest change came in the year to December 2023, when income rose by 54%. Over the whole period it spent 92% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Iron Communities sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 25th percentile within TX. Charities of a similar size with the same main cause include Tupelo Womens Club Inc ($62k), Florida Division of the Intl Assn for Identification Inc ($62k) and Grand Caillou Dulac Band of Biloxi Chitimacha Choctaw ($62k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 73% of the total. At year end it held assets of $9,350 against liabilities of $0, net assets of $9,350.