Ibis Group

Analysis

Ibis Group is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in August 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ibis Group reported income of $2.1m and spending of $10.4m, spending 492% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $119.0m to $2.1m (-98%), an average of -64% a year. The sharpest change came in the year to December 2022, when income rose by 297246%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ibis Group sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 67th percentile within DC. Charities of a similar size with the same main cause include Kheprw Institute ($2.1m), Latinos in Action Inc ($2.1m) and Leadership Enterprise for a Diverse America - Leda ($2.1m).

Compensation of current officers, directors and key employees was $88k (0.8% of expenses). At year end it held assets of $111.1m against liabilities of $3.8m, net assets of $107.3m.