Ibrea Foundation

Analysis

Ibrea Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 2008, 18 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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, Ibrea Foundation reported income of $262k and spending of $301k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $255k to $262k (+3.0%), an average of +0.7% a year. The sharpest change came in the year to December 2021, when income rose by 91%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Ibrea Foundation sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within NY. Charities of a similar size with the same main cause include B C Davis Inc ($262k), Ahead with Horses Inc ($262k) and Integrity Partners for Behavioral Health Inc ($262k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 40% of the total. Other salaries and wages came to $84k. At year end it held assets of $1.3m against liabilities of $538k, net assets of $734k. It reported 4 employees.