The Ironman Foundation Inc

Analysis

The Ironman Foundation Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in July 2006, 20 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Ironman Foundation Inc reported income of $3.0m and spending of $3.3m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.3m to $3.0m (-9.6%), an average of -2.5% a year. The sharpest change came in the year to December 2020, when income dropped by 32%. Over the whole period it spent 94% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Ironman Foundation Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within FL. Charities of a similar size with the same main cause include Sturgis Area Community Foundation ($3.0m), Broadway Rose Theatre Co ($3.0m) and Pink Aid Inc ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $113k (3.4% of expenses). Other salaries and wages came to $356k. At year end it held assets of $9.4m against liabilities of $208k, net assets of $9.2m. It reported 6 employees.