Ignatian Lay Volunteer Corps

Analysis

Ignatian Lay Volunteer Corps is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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, Ignatian Lay Volunteer Corps reported income of $2.5m and spending of $2.5m, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.9m to $2.5m (+27%), an average of +6.1% a year. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ignatian Lay Volunteer Corps sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 86th percentile within MD. Charities of a similar size with the same main cause include Family YMCA of Black Hawk County ($2.5m), The Family Radio Network Inc ($2.5m) and Day One ($2.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 69% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $105k (4.3% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $1.6m against liabilities of $1.3m, net assets of $273k. It reported 36 employees.