Igrb Foundation

Analysis

Igrb Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 1995, 31 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a suspense under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Igrb Foundation reported income of $24.1m and spending of $3.2m, leaving 87% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $6,334 to $24.1m (+380255%), an average of +685% a year. The sharpest change came in the year to June 2021, when income rose by 1282467%. Over the whole period it spent 14% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Igrb Foundation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within IL. Charities of a similar size with the same main cause include United Way of Rhode Island Inc ($24.1m), Community Foundation of Broward Inc ($24.2m) and Dallas Center for the Performing Arts Foundation Inc ($24.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $30.9m against liabilities of $1.0m, net assets of $29.9m.