Internal Audit Foundation
Public records show a registered, tax-exempt organization in good standing.
Points to look into
- Only 46% of its spending went to programs.
These come from the organization's own tax return. There may be a good explanation; ask the charity.
What it says it does
TO SHAPE, EXPAND, AND ADVANCE KNOWLEDGE OF INTERNAL AUDITING BY DEVELOPING AND DISSEMINATING TIMELY, RELEVANT INFORMATION AND INSIGHTS THAT ADDRESS THE NEEDS OF OUR STAKEHOLDERS GLOBALLY. FUELED BY THE GENEROSITY OF DONORS, THE INTERNAL AUDIT FOUNDATION EMPOWERS THE INTERNAL AUDIT PROFESSION BY DEVELOPING CUTTING-EDGE RESEARCH AND PROGRAMS. THE FOUNDATION HELPS CURRENT AND FUTURE INTERNAL AUDITORS STAY RELEVANT BY BUILDING AND ENHANCING THEIR SKILLS AND KNOWLEDGE, ENSURING ORGANIZATIONS ARE EQUIPPED TO CREATE, PROTECT, AND SUSTAIN LONG-TERM VALUE.
- Income
- $2.2 million
- Spending
- $1.5 million
- Spent on programs
- 46%
- Reserves
- 43.1 months of spending
- Largest source of income
- donations and private grants, 94%
- Employees
- 0
- Volunteers
- 33
- Highest pay
- $1.3 million, iia president
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Good: 85 out of 100. Higher than 71% of charities in its peer group (education, $1m to $10m).
Reserves
35 of 35Spendable reserves would cover 43.1 months of spending.
Debt
20 of 20It owes 13% of what it owns.
Living within its means
15 of 15Income exceeded spending by 34% of income.
Income trend
15 of 15Income rose 97% on the year before.
Spending floor
0 of 1546% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Good: 85 out of 100. Higher than 47% of charities in its peer group (education, $1m to $10m).
Independent board
25 of 2514 of 15 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
0 of 10Did not give the board a copy of this return before filing it.
Pay set independently
0 of 5Reports no independent review process for its chief executive's pay.
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, 2024, 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 (3)
- $393,418 spent. THE FOUNDATION PROVIDES GRANTS TO EDUCATIONAL INSTITUTIONS WORLDWIDE THAT PARTICIPATE IN THE IIA'S INTERNAL AUDIT ACADEMIC ALLIANCE, A PROGRAM CREATED TO STRENGTHEN AND EXPAND INTERNAL AUDIT EDUCATION IN HIGHER EDUCATION. THROUGH THE ALLIANCE, SCHOOLS INCORPORATE AN INTERNAL AUDITING CURRICULUM WITHIN AN UNDERGRADUATE OR GRADUATE DEGREE PROGRAM ENDORSED BY THE IIA. THE FOUNDATION CONDUCTS AN ANNUAL GRANT CYCLE EACH YEAR THROUGH WHICH SCHOOLS MAY APPLY FOR FUNDING TO SUPPORT CURRICULUM DEVELOPMENT AND PROGRAM GROWTH AND MARKETING.
- $144,739 spent. THE FOUNDATION CONDUCTS AND FUNDS RESEARCH ON THE INTERNAL AUDIT PROFESSION, INCLUDING STUDIES ON EMERGING PRACTICES, THE EFFECTS OF MACROECONOMIC, TECHNOLOGICAL, AND ENVIRONMENTAL FACTORS, AND THE FUTURE OF THE PROFESSION. IN COLLABORATION WITH ACADEMICS AND PARTNER ORGANIZATIONS, THE FOUNDATION PRODUCES REPORTS BASED ON BOTH QUANTITATIVE AND QUALITATIVE METHODS.
- $136,489 spent. THE FOUNDATION PROVIDES A GLOBAL GRANT PROGRAM TO PROVIDE TEMPORARY FUNDING SUPPORT TO IIA INSTITUTES AND CHAPTERS TO STRENGTHEN MEMBER PROGRAMS AND SERVICES.THESE GRANTS SUPPORT INITIATIVES SUCH AS CERTIFICATION TRAINING, STUDENT AND UNIVERSITY AWARENESS PROGRAMS, AND EQUIPMENT NEEDS.
Source: Form 990 for the year ending December 31, 2024, 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 2024.
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 February 1983.
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.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.