Ibla Foundation

Analysis

Ibla Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 2000, 26 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ibla Foundation reported income of $239k and spending of $138k, leaving 42% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $359k to $239k (-34%), an average of -9.7% a year. The sharpest change came in the year to December 2022, when income rose by 83%. Over the whole period it spent 63% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ibla Foundation sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within NY. Charities of a similar size with the same main cause include Boston Art Review Inc ($238k), International Society for Anthrozoology Inc ($239k) and Music and Youth Initiative Inc ($238k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 2.0% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.