Ibio Institute

Analysis

Ibio Institute is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in March 2004, 22 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ibio Institute reported income of $721k and spending of $390k, leaving 46% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $320k to $721k (+126%), an average of +23% a year. The sharpest change came in the year to December 2020, when income rose by 331%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ibio Institute sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within IL. Charities of a similar size with the same main cause include Kentucky Society for Technology Ineducation ($721k), Carolyn Dorfman Dance Co ($721k) and Jamaica Plain Mulaticultural After School Program ($721k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. Other salaries and wages came to $139k. At year end it held assets of $939k against liabilities of $352k, net assets of $587k.