Igbobi College Old Boys Association Na Inc

Analysis

Igbobi College Old Boys Association Na Inc is a registered charity in United States, based in Duluth, GA. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Igbobi College Old Boys Association Na Inc reported income of $104k and spending of $51k, leaving 51% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $24k to $104k (+336%), an average of +44% a year. The sharpest change came in the year to December 2021, when income rose by 1436%. Over the whole period it spent 33% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Igbobi College Old Boys Association Na Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 40th percentile within GA. Charities of a similar size with the same main cause include Hidaayah Institute ($104k), Lincoln County Educational Fund Inc ($104k) and Cab Calloway Band Booster Association ($104k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $221k against liabilities of $0, net assets of $221k.