Ifcma Inc

Analysis

Ifcma Inc is a registered charity in United States, based in Gaithersburg, MD. It received its IRS tax-exemption ruling in May 2022, 4 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Ifcma Inc reported income of $80k and spending of $69k, spending 87% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $53k to $80k (+51%), an average of +23% a year. The sharpest change came in the year to December 2022, when income rose by 59%. Over the whole period it spent 85% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Ifcma Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 32nd percentile within MD. Charities of a similar size with the same main cause include Va Stingrays Softball ($80k), Coleman County Youth Sports Complex ($80k) and Mount Ashland Racing Association ($80k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.7% and program service revenue 90% of the total. At year end it held assets of $32k against liabilities of $0, net assets of $32k.