Ichamps

Analysis

Ichamps is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in June 2017, 9 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Ichamps reported income of $178k and spending of $63k, leaving 65% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $257k to $178k (-31%), an average of -31% a year. The sharpest change came in the year to December 2023, when income dropped by 31%. Over the whole period it spent 50% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ichamps sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within UT. Charities of a similar size with the same main cause include Dominico American Society of Queens Inc ($178k), Rise 5280 ($178k) and Hispanic Chamber of Commerce of Louisiana Foundation ($178k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $115k against liabilities of $0, net assets of $115k.