Ipas

Analysis

Ipas is a registered charity in United States, based in Chapel Hill, NC. It received its IRS tax-exemption ruling in May 1974, 52 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 June 2023, Ipas reported income of $59.3m and spending of $60.6m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $88.0m to $59.3m (-33%), an average of -9.4% a year. The sharpest change came in the year to June 2020, when income dropped by 49%. Over the whole period it spent 92% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Ipas sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NC. Charities of a similar size with the same main cause include Digital Promise Global ($58.2m), Blumont Global Development Inc ($59.3m) and New Israel Fund ($57.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 8.3% of the total. Compensation of current officers, directors and key employees was $1.4m (2.3% of expenses). Other salaries and wages came to $16.8m. At year end it held assets of $140.0m against liabilities of $6.1m, net assets of $134.0m. It reported 100 employees.