Iaam Support Organization

Analysis

Iaam Support Organization is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Iaam Support Organization reported income of $1.4m and spending of $7.4m, spending 543% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $90k to $1.4m (+1398%), an average of +146% a year. The sharpest change came in the year to December 2022, when income rose by 696%. Over the whole period it spent 1108% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Iaam Support Organization sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 85th percentile within SC. Charities of a similar size with the same main cause include Coral Gables Cinemateque Inc ($1.4m), American Friends of the Paris Opera & Ballet ($1.4m) and 317 Main St Community Music Center Inc ($1.4m).

At year end it held assets of $16.2m against liabilities of $52.4m, net assets of -$36.2m.