Ikatu Foundation

Analysis

Ikatu Foundation is a registered charity in United States, based in Henderson, NV. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation (type iii other) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ikatu Foundation reported income of $311k and spending of $364k, spending 117% of what it took in. The sharpest change came in the year to December 2023, when income rose by 177%. Over the whole period it spent 255% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Ikatu Foundation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 66th percentile within NV. Charities of a similar size with the same main cause include Community Shares of Greater Cincinnati ($311k), Sawyer County Nonprofit Housing Development Inc ($312k) and Champions for Kids ($311k).

At year end it held assets of $8.2m against liabilities of $0, net assets of $8.2m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.