Ihm Development Mission

Analysis

Ihm Development Mission is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in September 2020, 6 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 publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ihm Development Mission reported income of $52k and spending of $37k, leaving 29% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $71k to $52k (-26%), an average of -26% a year. The sharpest change came in the year to December 2023, when income dropped by 26%. Over the whole period it spent 92% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Ihm Development Mission sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 22nd percentile within IL. Charities of a similar size with the same main cause include Sanjay Anand Charitable Foundation Inc ($52k), Carmine Cerone Sportsmen Foundation ($52k) and The Team Foundation ($52k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $33k against liabilities of $0, net assets of $33k.