Ipa Foundation

Analysis

Ipa Foundation is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in November 1993, 33 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2024, Ipa Foundation reported income of $651k and spending of $674k, spending 103% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $714k to $651k (-8.8%), an average of -1.8% a year. The sharpest change came in the year to June 2023, when income dropped by 17%. Over the whole period it spent 90% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Ipa Foundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within KY. Charities of a similar size with the same main cause include University Hospital Foundation ($651k), The Durham Museum Foundation ($651k) and Berkeley Electric Trust ($650k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 78% of the total. At year end it held assets of $1.9m against liabilities of $267, net assets of $1.9m.