Igbo Community Association of Nigeria

Analysis

Igbo Community Association of Nigeria is a registered charity in United States, based in Mesquite, TX. It received its IRS tax-exemption ruling in March 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Igbo Community Association of Nigeria reported income of $450k and spending of $276k, leaving 39% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $53k to $450k (+750%), an average of +71% a year. The sharpest change came in the year to December 2020, when income rose by 114%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Igbo Community Association of Nigeria sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 73rd percentile within TX. Charities of a similar size with the same main cause include Teen Center of Wilton Inc ($450k), Golden Care Services Inc ($450k) and Timothy Initiative Ministries Inc ($450k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.