Iaa Foundation

Analysis

Iaa Foundation is a registered charity in United States, based in Bloomington, IL. It received its IRS tax-exemption ruling in October 1987, 39 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 2023, Iaa Foundation reported income of $1.2m and spending of $1.0m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.5m to $1.2m (-15%), an average of -4.1% a year. The sharpest change came in the year to December 2021, when income rose by 54%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Iaa Foundation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within IL. Charities of a similar size with the same main cause include Holy Family Academy Inc ($1.2m), Alim Academy Inc ($1.2m) and Cedo Housing Development Corporation ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% of the total. At year end it held assets of $9.2m against liabilities of $12k, net assets of $9.2m.