Ife Foundation

Analysis

Ife Foundation is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in January 2012, 14 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, Ife Foundation reported income of $594k and spending of $2.0m, spending 333% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $14.3m to $594k (-96%), an average of -55% a year. The sharpest change came in the year to December 2020, when income dropped by 116%. Over the whole period it spent 56% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Ife Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 71st percentile within CO. Charities of a similar size with the same main cause include Jefferson Energy Cooperative Foundation Inc ($593k), Black River United Way ($595k) and Catholic Central High School of Burlington Endowment FNDTN Inc ($593k).

At year end it held assets of $35.2m against liabilities of $0, net assets of $35.2m.