Ivy Heritage Foundation of Irmo Inc

Analysis

Ivy Heritage Foundation of Irmo Inc is a registered charity in United States, based in Irmo, SC. It received its IRS tax-exemption ruling in February 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Ivy Heritage Foundation of Irmo Inc reported income of $139k and spending of $150k, spending 108% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $229k to $139k (-39%), an average of -40% a year. The sharpest change came in the year to December 2023, when income dropped by 39%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ivy Heritage Foundation of Irmo Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 51st percentile within SC. Charities of a similar size with the same main cause include Black Boys Code USA Inc ($139k), South Paulding Spartans Cheer Club Inc ($139k) and Horace Greeley Sports Boosters Inc ($139k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.5% and program service revenue 92% of the total. At year end it held assets of $72k against liabilities of $0, net assets of $72k.