Iworks Foundation Inc is a private foundation focused on Arts, Culture & Humanities, based in Reston, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $706K in total assets. In 2024, it awarded 10 grants totaling $24K. Net investment income was $30K.
Key facts about Iworks Foundation Inc
- EIN
- 81-4566899
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $23,820
- Grants made (2024)
- 10
- Average grant
- $2,382
- Median grant
- $1,060
- New grantees (estimate)
- 60% first-time grantees (6 of 10, 2024)
- Total assets
- $705,841
- Primary geography
- Virginia (53% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who Iworks Foundation Inc funds
By grant dollars, the top recipient states for Iworks Foundation Inc's 10 itemized 2024 grants were Virginia (53%), New York (21%) and Washington (10%). The most frequent recipient cities were Arlington, VA (2 grants) and Herndon, VA (2 grants). None of its 10 grants with a stated purpose were described as general or operating support. Recurring purposes include "Community Support Services" (5 grants).
Is Iworks Foundation Inc open to new grantees?
60%
first-time grantees, 2024
In 2024, 6 of 10 grantees (60%) were first-time recipients. First grants averaged $2K; repeat grants $3K. How we count
Medians: $750 first-time, $2K repeat.
- 30% of 2024 grantees were also funded in 2023. Method
- Giving fell 63% from 2021 to 2024. Method
- In 2024 it paid out 70% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Iworks Foundation Inc
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$706K
+2.4% YoY
Annual Giving
$24K
+87.3% YoY
Grant Count
10
+11.1% YoY
Avg Grant Size
$2K
+68.6% YoY
Under IRS private-foundation payout rules, Iworks Foundation Inc reported a distributable amount of $34K for 2024 — the minimum it must pay out in qualifying distributions.
About Iworks Foundation Inc
Based on IRS filings
Iworks Foundation Inc is a private foundation focused on Arts, Culture & Humanities, based in Reston, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $706K in total assets. In 2024, it awarded 10 grants totaling $24K. Net investment income was $30K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 10 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $705,841 | $689,531 | $684,214 |
| Revenue | $40,282 | $18,088 | $2,929 |
| Expenses | $23,972 | $12,772 | $44,817 |
| Qualifying Distributions | $23,820 | $12,772 | $364 |
| Net Investment Income | $30,130 | — | — |
| Distributable Amount | $33,942 | $34,344 | $35,260 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
57 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include St Jude Childrens Research Hospit ($10,000), Fetna ($5,000), Operation Uplift ($2,500).
| Recipient | Purpose | Amount |
|---|---|---|
| St Jude Childrens Research Hospit Arlington, VA | SUPPORT FOR HEALTHCARE PROGRAMS | $10,000 |
| FETNA Saint James, NY | Community Support Services | $5,000 |
| OPERATION UPLIFT Port Angeles, WA | COMMUNITY SUPPORT SERVICE | $2,500 |
| NDIA Arlington, VA | COMMUNITY SERVICE | $2,000 |
| Ivy and Pearls of Southern Maryland Suitland, MD | Community Support Services | $1,090 |
| WOUNDED WARRIOR Washington, DC | Community Support Services | $1,030 |
| Liam Wilmington, DE | HEALTH CARE | $750 |
| Balagan Saraswathi Charitable Trust Beltsville, MD | higher education | $750 |
| Non-profit Herndon, VA | Community Support Services | $400 |
| Valluvan Tamil Academy Herndon, VA | Community Support Services | $300 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Jothi Radhakrishnan | President | 3 | — |
| Kumar Gnanamurthy | Treasurer | 3 | — |
| Kathamuthu Rajendran | Secretary | 3 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Iworks Foundation Inc?
Iworks Foundation Inc is a private foundation focused on Arts, Culture & Humanities, based in Reston, VA. It holds $706K in total assets as of 2024.
How large is Iworks Foundation Inc?
As of 2024, Iworks Foundation Inc holds $706K in total assets with $40K in annual revenue. It awarded 10 grants totaling $24K in 2024.
Where does Iworks Foundation Inc operate?
Iworks Foundation Inc has awarded grants in California, Colorado, District of Columbia, Delaware, Illinois, Massachusetts, Maryland, North Carolina, New Jersey, New York, Pennsylvania, Tennessee, Texas, Virginia, Washington.
What size grants does Iworks Foundation Inc award?
In 2024, Iworks Foundation Inc awarded 10 grants totaling $24K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Iworks Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Iworks Foundation Inc reported a distributable amount of $34K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Iworks Foundation Inc's EIN?
Iworks Foundation Inc's EIN (Employer Identification Number) is 81-4566899. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.