Ilmunc

Analysis

Ilmunc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in March 2022, 4 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 March 2023, Ilmunc reported income of $230k and spending of $286k, spending 124% of what it took in. Across the 4 years on record, from March 2017 to March 2023, income fell from $520k to $230k (-56%), an average of -24% a year. The sharpest change came in the year to March 2022, when income rose by 57%. Over the whole period it spent 72% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ilmunc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within PA. Charities of a similar size with the same main cause include National Flooring Contractors Apprenticeship Program Inc ($230k), Veritas Montessori Academy ($230k) and Medgar Evers College Auxiliary Enterprises Corp ($230k).

On its Form 990 for the period ending March 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $293k against liabilities of $49k, net assets of $243k.