Ieom Society International

Analysis

Ieom Society International is a registered charity in United States, based in Southfield, MI. It received its IRS tax-exemption ruling in April 2017, 9 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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 July 2023, Ieom Society International reported income of $379k and spending of $570k, spending 150% of what it took in. Across the 4 years on record, from July 2019 to July 2023, income grew from $314k to $379k (+21%), an average of +6.5% a year. The sharpest change came in the year to July 2022, when income rose by 93%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ieom Society International sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within MI. Charities of a similar size with the same main cause include Unification of Korea Academic Research Foundation ($379k), Wonder Seed Foundation ($379k) and Listening Room Inc ($379k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 7.0% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $48k (8.4% of expenses). Other salaries and wages came to $129k. At year end it held assets of $66k against liabilities of $31k, net assets of $35k. It reported 10 employees.