Iwfs Foundation Inc

Analysis

Iwfs Foundation Inc is a registered charity in United States, based in Bedminster, NJ. It received its IRS tax-exemption ruling in October 1989, 37 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Iwfs Foundation Inc reported income of $84k and spending of $71k, spending 84% of its income. Across the 3 years on record, from September 2021 to September 2023, income grew from $63k to $84k (+35%), an average of +16% a year. The sharpest change came in the year to September 2022, when income rose by 50%. Over the whole period it spent 58% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Iwfs Foundation Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 40th percentile within NJ. Charities of a similar size with the same main cause include Healthy Bisbee Inc ($84k), Gonzales Christian Assistance Ministry ($84k) and Surface Creek Community Services ($84k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 49% of the total. At year end it held assets of $573k against liabilities of $10k, net assets of $562k.