Irondale Community Foundation

Analysis

Irondale Community Foundation is a registered charity in United States, based in Irondale, AL. It received its IRS tax-exemption ruling in April 2022, 4 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, Irondale Community Foundation reported income of $54k and spending of $26k, leaving 51% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $22k to $54k (+147%), an average of +147% a year. The sharpest change came in the year to December 2023, when income rose by 147%. Over the whole period it spent 53% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Irondale Community Foundation sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 20th percentile within AL. Charities of a similar size with the same main cause include Maple River Heritage Inc ($54k), Ohio Public Facilities Maintenance Association ($54k) and Association of Chinese Professionals Atlanta Inc ($54k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 48% of the total. At year end it held assets of $36k against liabilities of $0, net assets of $36k.