Sibi Foundation

Analysis

Sibi Foundation is a registered charity in United States, based in Lubbock, TX. It received its IRS tax-exemption ruling in August 2012, 14 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sibi Foundation reported income of $2.9m and spending of $1.1m, leaving 63% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.3m to $2.9m (-12%), an average of -3.2% a year. The sharpest change came in the year to December 2020, when income rose by 23%. Over the whole period it spent 23% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Sibi Foundation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 92nd percentile within TX. Charities of a similar size with the same main cause include Jewish Community Camp and Retreat Center Inc ($2.9m), Kollel Zichron Avrohom Inc ($2.9m) and Learning Empowered Inc ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% of the total. At year end it held assets of $26.5m against liabilities of $0, net assets of $26.5m.