Friends of Ivanhoe School

Analysis

Friends of Ivanhoe School is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in January 1997, 29 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Friends of Ivanhoe School reported income of $573k and spending of $514k, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $531k to $573k (+7.9%), an average of +1.9% a year. The sharpest change came in the year to June 2022, when income rose by 23%. Over the whole period it spent 82% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Friends of Ivanhoe School sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include Philanthropy Delaware Inc ($573k), Wes Corporation ($574k) and United Way of Skagit County ($572k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% of the total. Other salaries and wages came to $106k. At year end it held assets of $884k against liabilities of $0, net assets of $884k. It reported 8 employees.