Ibc Network Foundation

Analysis

Ibc Network Foundation is a registered charity in United States, based in Sealy, TX. It received its IRS tax-exemption ruling in July 2012, 14 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 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 December 2023, Ibc Network Foundation reported income of $224k and spending of $192k, spending 85% of its income. Across the 4 years on record, from December 2019 to December 2023, income fell from $347k to $224k (-35%), an average of -14% a year. The sharpest change came in the year to December 2021, when income dropped by 35%. Over the whole period it spent 95% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Ibc Network Foundation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 60th percentile within TX. Charities of a similar size with the same main cause include Crook County Medical Services District Foundation Inc ($224k), Exodus Vision ($225k) and Rich in Mercy Mission Institute Inc ($224k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $91k against liabilities of $0, net assets of $91k.