International Financial Reporting Standards Foundation
Public records show a registered, tax-exempt organization in good standing.
What it says it does
SEE SCHEDULE O
- Income
- $85.5 million
- Spending
- $83.7 million
- Spent on programs
- 77%
- Reserves
- 9.1 months of spending
- Largest source of income
- donations and private grants, 44%
- Employees
- 51
- Volunteers
- 149
- Highest pay
- $977,893, iasb chair
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Good: 89 out of 100. Higher than 82% of charities in its peer group (community improvement, $10m to $100m).
Reserves
28 of 35Spendable reserves would cover 9.1 months of spending.
Debt
16 of 20It owes 27% of what it owns.
Living within its means
15 of 15Income exceeded spending by 2% of income.
Income trend
15 of 15Income rose 4% on the year before.
Spending floor
15 of 1577% of spending went to programs and raising each dollar of donations cost 2 cents.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 100 out of 100. Higher than 42% of charities in its peer group (community improvement, $10m to $100m).
Independent board
25 of 2522 of 22 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (2)
- $63.1 million spent. THE IFRS FOUNDATION HAS A THREE-TIER GOVERNANCE STRUCTURE, BASED ON TWO INDEPENDENT STANDARD-SETTING BOARDS OF EXPERTS (INTERNATIONAL STANDARDS FOUNDATION 13-4164140 INTERNATIONAL FINANCIAL REPORTING ACCOUNTING STANDARDS BOARD IASB, AND INTERNATIONAL SUSTAINABILITY STANDARDS BOARD - ISSB), GOVERNED AND OVERSEEN BY TRUSTEES FROM AROUND THE WORLD (IFRS FOUNDATION TRUSTEES), WHO IN TURN ARE ACCOUNTABLE TO A MONITORING BOARD OF PUBLIC AUTHORITIES (IFRS FOUNDATION MONITORING BOARD). THE IASB IS AN INDEPENDENT ACCOUNTING STANDARD-SETTING BODY OF THE IFRS FOUNDATION. ITS 12 MEMBERS ARE APPOINTED FROM VARIOUS COUNTRIES AND PROFESSIONAL BACKGROUNDS, INCLUDING ACADEMIA, ACCOUNTANCY, INVESTMENT, REPORTING COMPANIES, REGULATION AND STANDARD-SETTING. THE IASB ISSUES IFRS ACCOUNTING STANDARDS, THE IFRS FOR SMES ACCOUNTING STANDARD AND THE IFRS ACCOUNTING TAXONOMY, WHICH ENABLES DIGITAL REPORTING. THE ISSB IS AN INDEPENDENT SUSTAINABILITY DISCLOSURE STANDARD-SETTING BODY OF THE IFRS FOUNDATION. ITS 12 MEMBERS ARE APPOINTED FROM VARIOUS COUNTRIES AND PROFESSIONAL BACKGROUNDS, INCLUDING ACADEMIA, ACCOUNTANCY, INVESTMENT, SUSTAINABILITY, MARKET OR FINANCIAL REGULATION AND REPORTING COMPANIES. THE ISSB ISSUES IFRS SUSTAINABILITY DISCLOSURE STANDARDS AND THE IFRS SUSTAINABILITY DISCLOSURE TAXONOMY, WHICH ENABLES DIGITAL REPORTING. THE ISSB ALSO MAINTAINS THE SASB STANDARDS. MEMBERS OF THE IASB AND ISSB ARE APPOINTED BY THE TRUSTEES OF THE IFRS FOUNDATION THROUGH AN OPEN AND RIGOROUS PROCESS. THE TRUSTEES, IASB AND ISSB ARE SUPPORTED BY A RANGE OF BODIES, INCLUDING: - THE IFRS ADVISORY COUNCIL, THE FORMAL EXTERNAL ADVISORY BODY TO THE BOARD AND TRUSTEES, CONSISTING OF A WIDE RANGE OF REPRESENTATIVES FROM GROUPS AND INDIVIDUALS THAT ARE AFFECTED BY AND INTERESTED IN THE FOUNDATION'S WORK. - THE INTEGRATED REPORTING AND CONNECTIVITY COUNCIL IS AN ADVISORY BODY TO THE IFRS FOUNDATION TRUSTEES, THE IASB AND ISSB. THE COUNCIL PROVIDES GUIDANCE ON: HOW REPORTING REQUIRED BY THE IASB AND ISSB COULD BE INTEGRATED; AND HOW THE IASB AND ISSB COULD CONSIDER APPLYING PRINCIPLES AND CONCEPTS FROM THE INTEGRATED REPORTING FRAMEWORK TO THEIR PROJECTS. - THE IFRS INTERPRETATIONS COMMITTEE, THE IASB'S INTERPRETATIVE BODY, WHOSE REMIT IS TO RESPOND TO QUESTIONS ABOUT THE APPLICATION OF THE ACCOUNTING STANDARDS (AND DO OTHER WORK AT THE REQUEST OF THE IASB), CONSISTING OF MEMBERS DRAWN FROM A VARIETY OF COUNTRIES AND PROFESSIONAL BACKGROUNDS. - THE ACCOUNTING STANDARDS ADVISORY FORUM, CONSISTING OF NATIONAL STANDARD-SETTERS AND REGIONAL STANDARD-SETTING BODIES, CONTRIBUTING TOWARDS THE GOAL OF DEVELOPING GLOBALLY ACCEPTED HIGH-QUALITY ACCOUNTING STANDARDS. - THE ISSB INVESTOR ADVISORY GROUP, A GROUP OF LEADING ASSET OWNERS AND STANDARDS FOUNDATION INTERNATIONAL FINANCIAL REPORTING ASSET MANAGERS IN VARIOUS MARKETS WHO ARE COMMITTED TO IMPROVING THE QUALITY AND COMPARABILITY OF SUSTAINABILITY-RELATED FINANCIAL DISCLOSURES. - THE SUSTAINABILITY STANDARDS ADVISORY FORUM, A GROUP OF NOMINATED MEMBERS FROM JURISDICTIONAL AND REGIONAL AUTHORITIES INVOLVED IN SUSTAINABILITY-RELATED REPORTING. - THE SUSTAINABILITY CONSULTATIVE COMMITTEE, A GROUP TO IDENTIFY, INFORM AND ADVISE THE ISSB ON PRIORITY SUSTAINABILITY MATTERS AND RELATED TECHNICAL PROTOCOLS, AS WELL AS SIGNIFICANT INTERDEPENDENCIES BETWEEN SUSTAINABILITY MATTERS. - BOTH BOARDS ARE SUPPORTED BY THE TECHNICAL STAFF FOUNDATION: CONDUCTING RESEARCH AND OTHER TECHNICAL SUSTAINABILITY AND ACCOUNTING ACTIVITIES, EXTENSIVE ENGAGEMENT WITH STAKEHOLDERS AND COLLABORATIVE OUTREACH WITH THE WORLDWIDE INVESTOR AND BUSINESS COMMUNITY. THE IFRS FOUNDATION HAS A RIGOROUS, INCLUSIVE AND TRANSPARENT DUE PROCESS FOR DEVELOPING IFRS STANDARDS. THIS DUE PROCESS IS OUTLINED IN OUR CONSTITUTION AND IN MORE DETAIL IN THE DUE PROCESS HANDBOOK. THE DUE PROCESS ENABLES OUR DIVERSE GROUP OF STAKEHOLDERS TO FOLLOW AND CONTRIBUTE TO OUR STANDARD-SETTING, HELPING US ENSURE THAT THE REQUIREMENTS IN IFRS STANDARDS REFLECT THE BEST THINKING WORLDWIDE. TRANSPARENCY, FULL AND FAIR CONSULTATION, AND ACCOUNTABILITY ARE THE ESSENTIAL PRINCIPLES OF OUR DUE PROCESS. BY FOLLOWING THESE PRINCIPLES, OUR DUE PROCESS BUILDS TRUST IN AND GLOBAL ACCEPTANCE OF THE IFRS FOUNDATION'S STANDARDS. THE TRUSTEES ARE RESPONSIBLE FOR THE GOVERNANCE OF THE IFRS FOUNDATION. AS PART OF THIS ROLE, THEY ENSURE THAT THE IASB, THE ISSB AND THE IFRS INTERPRETATIONS COMMITTEE FOLLOW THE DUE PROCESS. THE TRUSTEES DO SO VIA THEIR DUE PROCESS OVERSIGHT COMMITTEE (DPOC). ALL MEETING PAPERS THAT INFORM THE DISCUSSIONS OF THE IASB, ISSB AND IFRS INTERPRETATIONS COMMITTEE ARE PUBLISHED ON OUR WEBSITE, AND STAKEHOLDERS CAN WATCH THE DISCUSSIONS VIA LIVE STREAMING OR RECORDINGS. ALL STANDARD-SETTING PROPOSALS ARE PUBLISHED FOR PUBLIC CONSULTATION. THE TRUSTEES ARE CURRENTLY IN THE PROCESS OF AMENDING THE DUE PROCESS HANDBOOK TO FORMALLY INCORPORATE THE ISSB, WHICH, IN THE MEANTIME, IS REQUIRED TO FOLLOW THE REQUIREMENTS SPECIFIED IN THE HANDBOOK FOR THE IASB. THE REVISED HANDBOOK IS EXPECTED TO BE PUBLISHED IN APRIL 2026. BOTH BOARDS CARRY OUT PERIODIC CONSULTATIONS TO INFORM THEIR LONGER-TERM WORK PLANS. THE IFRS FOUNDATION'S REVENUE IS MADE UP OF CONTRIBUTIONS AND EARNED REVENUE. CONTRIBUTIONS ARE MADE UP OF CONTRIBUTIONS FROM JURISDICTIONS; INCLUDING SEED FUNDING FOR THE ISSB; PHILANTHROPIC GRANTS; AND CONTRIBUTIONS FROM CORPORATES. EARNED REVENUE COMES FROM LICENSING OF INTELLECTUAL PROPERTY, PUBLICATIONS, MEMBERSHIP FEES, EDUCATION PROGRAMMES AND CONFERENCES. IN 2026 THE FOUNDATION WILL CONTINUE TO MANAGE ITS OPERATING EXPENDITURE PRUDENTLY AND EFFECTIVELY AND ARE PURSUING FURTHER INITIATIVES TO ENHANCE THE ORGANISATION'S OPERATIONAL STABILITY AND EFFICIENCY. TO LEARN MORE ABOUT THE FOUNDATIONS ACCOMPLISHMENTS AND KEY DEVELOPMENTS DURING 2025, PLEASE SEE OUR 2025 ANNUAL REPORT ON THE FOUNDATION'S WEBSITE WWW.IFRS.ORG. FOR MORE INFORMATION ON THE DEVELOPMENT AND PROGRESS OF IFRS STANDARDS, OR THE IASB AND ISSB'S WORK PLANS AND PROJECTS AT VARIOU
- $1.3 million spent. CONTENT SERVICES AND RELATED ACTIVITIES: PUBLICATIONS AND THE IFRS TAXONOMY ACTIVITIES ALL SUPPORT THE OBJECTIVES OF THE ORGANIZATION AND THE STANDARD-SETTING PROCESS. SOME MAJOR ACTIVITIES ARE AS FOLLOWS: - CREATION AND MANAGEMENT OF CONTENT-RELATED POLICIES: A KEY CHALLENGE FOR THE EARNED REVENUE TEAM IS TO BALANCE THE COMMERCIAL NEEDS AND THE PUBLIC INTEREST MISSION OF THE IFRS FOUNDATION. THE TEAM CONTRIBUTES TO THE MISSION AND FINANCING OF THE ORGANISATION THROUGH THE PROVISION OF PUBLICATION SERVICES. - ADOPTION SUPPORT: THE FOUNDATION SUPPORTS AND ADVISES NATIONAL AUTHORITIES ON THE ADOPTION OR OTHER USE OF THE STANDARDS, WHILE MAINTAINING CONSISTENCY WITH THE INTERNATIONAL POLICIES. - DIRECTING IFRS TRANSLATION ACTIVITIES: IFRS STANDARDS ARE TRANSLATED INTO MORE THAN 40 LANGUAGES WORLDWIDE. ANY TRANSLATION OF THE STANDARDS MUST BE CONSISTENT AND PRESERVE THE INTEGRITY OF THE ORIGINAL MEANING IN A NON-ENGLISH LANGUAGE; THE FOUNDATION FACILITATES THIS BY PROVIDING ADVICE TO TRANSLATING JURISDICTIONS AND BY MONITORING THE VARIOUS REVIEW COMMITTEES. - SALES AND LICENSING OF FOUNDATION MATERIAL: THE FOUNDATION'S WEB SHOP IS THE MAIN SALES TOOL FOR BOOKS, SUBSCRIPTIONS AND OTHER PRODUCTS. NUMEROUS PUBLISHERS AND OTHER INDUSTRY ORGANISATIONS SEEK TO SELL CONTENT. IN ORDER TO PROTECT THE IFRS BRAND, THE FOUNDATION LICENSES THE USE OF MATERIALS, IN CONFORMITY WITH THE FOUNDATION'S LICENSING POLICIES. - IFRS TAXONOMY: THE IFRS TAXONOMY IS THE XBRL REPRESENTATION OF IFRS STANDARDS THAT SEEKS TO ADDRESS THE DEMAND FOR AN ELECTRONIC STANDARD TO TRANSMIT FINANCIAL INFORMATION. UPDATES CONTAIN ADDITIONAL TAXONOMY CONCEPTS THAT REFLECT NEW AND AMENDED IFRS STANDARDS ISSUED BY THE BOARDS, THEREBY ALLOWING ENTITIES TO REPORT ELECTRONICALLY USING THE LATEST IFRS STANDARDS WITHOUT THE NEED FOR THESE ENTITIES TO CREATE THEIR OWN TAXONOMY CONCEPTS. - THE BOARDS AND THE IFRS INTERPRETATIONS COMMITTEE CARRY OUT ACTIVITIES TO SUPPORT THE UNDERSTANDING AND CONSISTENT APPLICATIONS OF IFRS STANDARDS. SUPPORTING MATERIALS INCLUDE: EDUCATIONAL MATERIALS, WEBCASTS AND WEBINARS, ARTICLES, AND INTERPRETATIONS COMMITTEE AGENDA DECISIONS.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since June 2001.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
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