Cibc Foundation

Analysis

Cibc Foundation is a registered charity in United States, based in Blue Bell, PA. It received its IRS tax-exemption ruling in December 1983, 43 years ago. 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 June 2023, Cibc Foundation reported income of $906k and spending of $935k, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.2m to $906k (-27%), an average of -7.5% a year. The sharpest change came in the year to June 2021, when income rose by 47%. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cibc Foundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 76th percentile within PA. Charities of a similar size with the same main cause include Texas Discovery Gardens ($906k), Home for Elderly Women of Montgomery County Inc ($906k) and St Vincent de Paul Society Roseville Area Conference Inc ($906k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 86% of the total. Compensation of current officers, directors and key employees was $286k (31% of expenses). Other salaries and wages came to $27k. At year end it held assets of $9.0m against liabilities of $3.0m, net assets of $6.0m. It reported 5 employees.