International Textile and Apparel Association

Analysis

International Textile and Apparel Association is a registered charity in United States, based in Tallahassee, FL. It received its IRS tax-exemption ruling in August 1980, 46 years ago. 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, International Textile and Apparel Association reported income of $495k and spending of $331k, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $504k to $495k (-1.9%), an average of -0.5% a year. The sharpest change came in the year to December 2020, when income dropped by 59%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, International Textile and Apparel Association sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 73rd percentile within FL. Charities of a similar size with the same main cause include Eastern Michigan Hockey Association Inc ($495k), Bohemian Benevolent and Literary Association of the City of Newyork ($495k) and Washington Opera House Inc ($495k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.4% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $83k (25% of expenses). At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m. It reported 1 employees.