Ivory Tower Inc

Analysis

Ivory Tower Inc is a registered charity in United States, based in Boone, NC. It received its IRS tax-exemption ruling in December 2019, 7 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, Ivory Tower Inc reported income of $107k and spending of $128k, spending 119% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $137k to $107k (-22%), an average of -22% a year. The sharpest change came in the year to December 2023, when income dropped by 22%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ivory Tower Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 37th percentile within NC. Charities of a similar size with the same main cause include Sarasota County Sheriffs Office Charitable Foundation Inc ($107k), Friends of Koreshan State Park Inc ($107k) and Celebration of Life Community Inc ($107k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $64k against liabilities of $0, net assets of $64k.