Irf Incorporated

Analysis

Irf Incorporated is a registered charity in United States, based in Crowley, LA. It received its IRS tax-exemption ruling in July 2015, 11 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 2022, Irf Incorporated reported income of $543k and spending of $570k, spending 105% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $384k to $543k (+41%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 7108%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Irf Incorporated sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within LA. Charities of a similar size with the same main cause include Erie Art Museum ($543k), Gujarati Samaj of Arkansas Inc ($543k) and Association for Cultural Equity Inc ($543k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $24k (4.2% of expenses). At year end it held assets of $234k against liabilities of $870, net assets of $233k.