I B H Foundation Inc

Analysis

I B H Foundation Inc is a registered charity in United States, based in Coventry TWP, OH. It received its IRS tax-exemption ruling in March 1989, 37 years ago. 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, I B H Foundation Inc reported income of $1.4m and spending of $921k, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $818k to $1.4m (+73%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 321%. Over the whole period it spent 155% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, I B H Foundation Inc 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 83rd percentile, and in the 83rd percentile within OH. Charities of a similar size with the same main cause include Starrett Early Learning Center ($1.4m), Harmony School Corporation ($1.4m) and AIDS Task Force of Laporte and Porter Counties Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.4% and program service revenue 6.4% of the total. At year end it held assets of $19.5m against liabilities of $531k, net assets of $19.0m.