Io Foundation

Analysis

Io Foundation is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in March 1993, 33 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3).

In the financial year ending June 2024, Io Foundation reported income of $397k and spending of $313k, leaving 21% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $373k to $397k (+6.3%), an average of +1.5% a year. The sharpest change came in the year to June 2024, when income rose by 114%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Io Foundation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within WI. Charities of a similar size with the same main cause include Historic Petersburg Foundation Inc ($397k), Croatian Cultural Center of Chicago Inc ($397k) and Beck Cultural Exchange Center Inc ($397k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 63% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $214k (68% of expenses). At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m.