Ibu Foundation

Analysis

Ibu Foundation is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in January 2015, 11 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 May 2023, Ibu Foundation reported income of $1.0m and spending of $775k, leaving 24% of income unspent that year. Across the 4 years on record, from May 2020 to May 2023, income grew from $245k to $1.0m (+318%), an average of +61% a year. The sharpest change came in the year to May 2023, when income rose by 200%. Over the whole period it spent 80% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Ibu Foundation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 83rd percentile within SC. Charities of a similar size with the same main cause include Fundepaz-Nyc Inc ($1.0m), Bless the Children Ministries Inc ($1.0m) and Global Outreach Fund Inc ($1.0m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 101% and program service revenue 7.7% of the total. Other salaries and wages came to $179k. At year end it held assets of $414k against liabilities of $616k, net assets of -$202k. It reported 8 employees.