Igbo Organization Inc

Analysis

Igbo Organization Inc is a registered charity in United States, based in Saint Albans, NY. It received its IRS tax-exemption ruling in September 1999, 27 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Igbo Organization Inc reported income of $133k and spending of $99k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $221k to $133k (-40%), an average of -12% a year. The sharpest change came in the year to December 2022, when income rose by 229%. Over the whole period it spent 55% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Igbo Organization Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 43rd percentile within NY. Charities of a similar size with the same main cause include Paterson Museum Foundation ($133k), Bike City Theatre Company ($133k) and Southern California Vocal Association ($133k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 6.9% of the total. At year end it held assets of $870k against liabilities of $0, net assets of $870k.