Ims Foundation

Analysis

Ims Foundation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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 June 2024, Ims Foundation reported income of $5.1m and spending of $6,077, leaving 100% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income fell from $8.7m to $5.1m (-42%), an average of -24% a year. The sharpest change came in the year to June 2024, when income rose by 288%. Over the whole period it spent 6.7% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ims Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within PA. Charities of a similar size with the same main cause include Meals on Wheels of Wake County Inc ($5.1m), 1894 Inc ($5.1m) and Embrella Inc ($5.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% of the total. At year end it held assets of $33.4m against liabilities of $19.1m, net assets of $14.3m.