Iwa Inc

Analysis

Iwa Inc is a registered charity in United States, based in Glendale, CA. It received its IRS tax-exemption ruling in March 1982, 44 years ago. 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, Iwa Inc reported income of $118k and spending of $143k, spending 121% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $162k to $118k (-27%), an average of -27% a year. The sharpest change came in the year to December 2023, when income dropped by 27%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Iwa Inc sits at the 41st percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 43rd percentile within CA. Charities of a similar size with the same main cause include Little League Baseball Inc ($118k), PTA New York Congress ($118k) and Housing Opportunities Extension Inc ($118k).

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 $47k against liabilities of $0, net assets of $47k.