Ibis Charities Foundation Inc

Analysis

Ibis Charities Foundation Inc is a registered charity in United States, based in West Palm BCH, FL. It received its IRS tax-exemption ruling in September 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 June 2023, Ibis Charities Foundation Inc reported income of $503k and spending of $477k, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $328k to $503k (+53%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 70%. Over the whole period it spent 86% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Ibis Charities Foundation Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 73rd percentile within FL. Charities of a similar size with the same main cause include Navy Seals Fund ($503k), Elder Care Community for Home Care Service ($504k) and Community Foundations National Standards Board ($503k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% of the total. At year end it held assets of $372k against liabilities of $36k, net assets of $336k.