Ibtta Foundation

Analysis

Ibtta Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in May 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Ibtta Foundation reported income of $297k and spending of $246k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $206k to $297k (+44%), an average of +9.6% a year. The sharpest change came in the year to December 2022, when income rose by 686%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ibtta Foundation sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 35th percentile within DC. Charities of a similar size with the same main cause include 28twelve Foundation Ltd ($297k), Dartmouth Dragon Foundation Inc ($297k) and St Francis Borgia Regional H S Athletic Assn Inc ($297k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 55% of the total. At year end it held assets of $269k against liabilities of $99k, net assets of $169k.