Local 47 Ibew Injured Workers Relief Fund

Analysis

Local 47 Ibew Injured Workers Relief Fund is a registered charity in United States, based in Diamond Bar, CA. It received its IRS tax-exemption ruling in August 2002, 24 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Local 47 Ibew Injured Workers Relief Fund reported income of $134k and spending of $133k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $72k to $134k (+86%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 276%. Over the whole period it spent 125% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Local 47 Ibew Injured Workers Relief Fund sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 46th percentile within CA. Charities of a similar size with the same main cause include Seven Pearls Foundation Inc ($134k), Friends of the Farmers Market ($134k) and New Beginnings of Westchester Inc ($134k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% of the total. At year end it held assets of $168k against liabilities of $0, net assets of $168k.