Iman Foundation

Analysis

Iman Foundation is a registered charity in United States, based in Tracy, CA. It received its IRS tax-exemption ruling in December 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, Iman Foundation reported income of $141k and spending of $129k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $151k to $141k (-6.8%), an average of -6.8% a year. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Iman Foundation sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 48th percentile within CA. Charities of a similar size with the same main cause include Soaring Eage Community Development Corp ($141k), Masonic Communities & Services Association ($141k) and Brooklyn on Fun Association USA Inc ($141k).

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 $32k against liabilities of $0, net assets of $32k.