Iris Inc

Analysis

Iris Inc is a registered charity in United States, based in WDM, IA. It received its IRS tax-exemption ruling in July 1993, 33 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Iris Inc reported income of $908k and spending of $902k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $854k to $908k (+6.2%), an average of +1.5% a year. The sharpest change came in the year to December 2022, when income rose by 20%. Over the whole period it spent 101% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Iris Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 81st percentile within IA. Charities of a similar size with the same main cause include Radiating Hope Inc ($907k), Heart of Africa Inc ($908k) and St George and St Abraam Coptic Relief Organization ($907k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $126k (14% of expenses). Other salaries and wages came to $258k. At year end it held assets of $347k against liabilities of $303k, net assets of $44k. It reported 3 employees.