Industry Advancement Fund Inc

Analysis

Industry Advancement Fund Inc is a registered charity in United States, based in Southlake, TX. It received its IRS tax-exemption ruling in April 1987, 39 years ago. 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 September 2023, Industry Advancement Fund Inc reported income of $64k and spending of $102k, spending 158% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $174k to $64k (-63%), an average of -22% a year. The sharpest change came in the year to September 2022, when income dropped by 57%. Over the whole period it spent 111% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Industry Advancement Fund Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 26th percentile within TX. Charities of a similar size with the same main cause include Whatcom Art Guild ($64k), Dupont Circle Citizens Association ($64k) and Chelmsford Telemedia Corporation Inc ($64k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 16% of the total. At year end it held assets of $1.5m against liabilities of $7,400, net assets of $1.5m.