Initiative for Responsible Mining Assurance

Analysis

Initiative for Responsible Mining Assurance is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in January 2023, 3 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Initiative for Responsible Mining Assurance reported income of $6.2m and spending of $2.5m, leaving 60% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $1.2m to $6.2m (+442%), an average of +442% a year. The sharpest change came in the year to December 2023, when income rose by 442%. Over the whole period it spent 47% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Initiative for Responsible Mining Assurance sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within WA. Charities of a similar size with the same main cause include Honor the Earth ($6.2m), New Jersey Audubon Society ($6.3m) and Mid Klamath Watershed Council ($6.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $169k (6.7% of expenses). Other salaries and wages came to $767k. At year end it held assets of $4.4m against liabilities of $109k, net assets of $4.3m.