The Ip Law Foundation

Analysis

The Ip Law Foundation is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in March 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, The Ip Law Foundation reported income of $360k and spending of $323k, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $187k to $360k (+93%), an average of +18% a year. The sharpest change came in the year to June 2021, when income rose by 124%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Ip Law Foundation sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within VA. Charities of a similar size with the same main cause include Badger Athletic Boosters ($360k), Literacy Volunteers of Central Connecticut Inc ($360k) and Abc Angels Preschool ($360k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $1.5m against liabilities of $19k, net assets of $1.4m.