Iris Foundation

Analysis

Iris Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 2025. Its declared purposes cover science and technology, 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 2020, Iris Foundation reported income of $88k and spending of $80k, spending 91% of its income. Across the 2 years on record, from December 2019 to December 2020, income grew from $84k to $88k (+4.2%), an average of +4.2% a year. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Iris Foundation sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 35th percentile within IL. Charities of a similar size with the same main cause include Academy Booster Club of Columbus Inc ($88k), Thai Cultural Council of Minnesota St Louis Park ($88k) and The Blue Moon Theatre ($88k).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $79k (98% of expenses). At year end it held assets of $8,160 against liabilities of $2,000, net assets of $6,160.