International Foundation of Employee Benefit Plans Inc

Analysis

International Foundation of Employee Benefit Plans Inc is a registered charity in United States, based in Brookfield, WI. It received its IRS tax-exemption ruling in August 1993, 33 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, International Foundation of Employee Benefit Plans Inc reported income of $34.2m and spending of $34.6m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $33.6m to $34.2m (+1.8%), an average of +0.4% a year. The sharpest change came in the year to December 2022, when income rose by 31%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, International Foundation of Employee Benefit Plans Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within WI. Charities of a similar size with the same main cause include Goodwill Industries Inc ($33.9m), Center Industries Corporation ($34.2m) and Goodwill Southern Los Angeles County ($33.6m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 94% of the total. Compensation of current officers, directors and key employees was $1.1m (3.2% of expenses). Other salaries and wages came to $9.6m. At year end it held assets of $48.0m against liabilities of $21.9m, net assets of $26.1m. It reported 153 employees.