Iitforiit Inc

Analysis

Iitforiit Inc is a registered charity in United States, based in Los Altos HLS, CA. It received its IRS tax-exemption ruling in May 2021, 5 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Iitforiit Inc reported income of $122k and spending of $163k, spending 134% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $94k to $122k (+29%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 115% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Iitforiit Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 44th percentile within CA. Charities of a similar size with the same main cause include That Suits You Inc ($122k), Missouri Employment & Training Association ($122k) and Pond Plain Improvement Assoc ($122k).

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 $39k against liabilities of $0, net assets of $39k.