Ires Foundation

Analysis

Ires Foundation is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in January 1991, 35 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Ires Foundation reported income of $286k and spending of $243k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $248k to $286k (+16%), an average of +3.7% a year. The sharpest change came in the year to December 2021, when income rose by 345%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ires Foundation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within MN. Charities of a similar size with the same main cause include Recreation Inc ($286k), Cary Ballet Company ($287k) and McCoy Rigby Arts Inc ($286k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 57% of the total. At year end it held assets of $382k against liabilities of $0, net assets of $382k.