Imy Foundation

Analysis

Imy Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in July 2023, 3 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2020, Imy Foundation reported income of $76k and spending of $1,500, leaving 98% of income unspent that year. Across the 2 years on record, from December 2019 to December 2020, income grew from $45k to $76k (+68%), an average of +68% a year. The sharpest change came in the year to December 2020, when income rose by 68%. Over the whole period it spent 2.1% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Imy Foundation sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 32nd percentile within CA. Charities of a similar size with the same main cause include Progress Solutions Inc ($76k), Food Relief International Inc ($77k) and All to Heaven ($76k).

On its Form 990-EZ for the period ending December 2020, revenue came from contributions and grants 100% of the total. At year end it held assets of $119k against liabilities of $0, net assets of $119k.