Ivi Foundation Inc

Analysis

Ivi Foundation Inc is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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, Ivi Foundation Inc reported income of $2.9m and spending of $3.2m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.4m to $2.9m (+19%), an average of +4.4% a year. The sharpest change came in the year to December 2021, when income dropped by 49%. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Ivi Foundation Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within VA. Charities of a similar size with the same main cause include Amyloidosis Research Consortium Inc ($2.9m), United Memorial Medical Center Foundation Inc ($2.9m) and Legacy Foundation of Kentuckiana Inc ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 4.0% of the total. Compensation of current officers, directors and key employees was $353k (11% of expenses). Other salaries and wages came to $810k. At year end it held assets of $1.5m against liabilities of $186k, net assets of $1.3m. It reported 11 employees.

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.