Ida C Koran Foundation

Analysis

Ida C Koran Foundation is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in September 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Ida C Koran Foundation reported income of $90k and spending of $227k, spending 252% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $499k to $90k (-82%), an average of -44% a year. The sharpest change came in the year to December 2023, when income dropped by 64%. Over the whole period it spent 52% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ida C Koran Foundation sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 32nd percentile within WI. Charities of a similar size with the same main cause include Iglesia Camino Verdad Y Vida ($90k), Orchard Place Housing Corporation ($90k) and Carlisa ($90k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% of the total. At year end it held assets of $2.7m against liabilities of $0, net assets of $2.7m.