Ifa Foundation

Analysis

Ifa Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in October 1984, 42 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 October 2023, Ifa Foundation reported income of $918k and spending of $1.2m, spending 126% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income fell from $1.2m to $918k (-26%), an average of -7.2% a year. The sharpest change came in the year to October 2023, when income rose by 115%. Over the whole period it spent 149% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ifa Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 53rd percentile within DC. Charities of a similar size with the same main cause include Discover a Star ($918k), T L L Temple Memorial Library & Archives ($918k) and Rochester Regional Library Council ($917k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 78% of the total. Compensation of current officers, directors and key employees was $262k (23% of expenses). Other salaries and wages came to $70k. At year end it held assets of $8.7m against liabilities of $691k, net assets of $8.0m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.